If the nominal interest rate is 9% and the rate of inflation is 2%, the real rate
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If the nominal interest rate is 9% and the rate of inflation is 2%, the real rate of interest is approximately _______________.
a. 2/9%
b. 7%
c. 11%
d. 18%
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The correct answer is b 7 The real rate of interest is a measure of the return on an invest...View the full answer
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