You deposit $2,000 in a savings account, and a year later, you have $2,100. Meanwhile, the CPI
Question:
You deposit $2,000 in a savings account, and a year later, you have $2,100. Meanwhile, the CPI rises from 200 to 204. In this case, the nominal interest rate is _____ percent, and the real interest rate is _____ percent.
a. 1; 5
b. 3; 5
c. 5; 1
d. 5; 3
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