Question: Please click on picture to view question QUESTION 13 Table 24-5 The following table shows the value of the consumer price index and the nominal

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QUESTION 13 Table 24-5 The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years. Year CPI Nominal Interest Rate (Percent) 233.0 2.4 2 236.7 2.5 3 237.0 2.1 Refer to Table 24-5. What was the real interest rate in Year 3? O a. 2.2% O b. 2.4% O c. 1.8% O d. 2.0%

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