Question: Please explain in detail and type or write as neatly as possible. Thanks. 6. Treasury bills are currently paying 6 percent and the inflation rate

 Please explain in detail and type or write as neatly as

Please explain in detail and type or write as neatly as possible. Thanks.

6. Treasury bills are currently paying 6 percent and the inflation rate is 2.6 percent. (Round the final answers to 2 decimal places.) a. What is the approximate real rate of interest? b. What is the exact real rate

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