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papahomer papahomer
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6 years ago
The nominal rate of interest in Russia is 9.5% and the inflation rate is 8%. The nominal rate of interest in Spain is 3% and the inflation rate is 1%. Which country has the higher real rate of interest?
A) Russia
B) Spain
C) There is no difference.
D) There is not enough information
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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6 years ago
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papahomer Author
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This calls for a celebration Person Raising Both Hands in Celebration
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this is exactly what I needed
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Good timing, thanks!
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