Question: If the market interest rate is 16% per year when the inflation rate is 9% per year, the real interest rate is closest to: (a)

If the market interest rate is 16% per year when the inflation rate is 9% per year, the real interest rate is closest to:
(a) 6.4%
(b) 7%
(c) 9%
(d) 15.6%

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