samdoesmath9826 samdoesmath9826

24-01-2022
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The nominal interest rate is 6 percent and the inflation rate is 3 percent. What is the real interest rate

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vortexdevity vortexdevity

24-01-2022

Answer:

3%

Explanation:

real interest rate ≈ nomial interest rate - inflation

ratereal interest rate ≈ 6 - 3 ≈ 3%

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