What is the real interest rate paid on a loan bearing 7 percent nominal interest per year

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What is the real interest rate paid on a loan bearing 7 percent nominal interest per year if the inflation rate is 6 percent?

a. 13 percent

b. 7 percent

c. 6 percent

d. 1 percent

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 07:01 AM

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What is the real interest rate paid on a loan bearing 7 percent nominal interest per year if the inflation rate is 6 percent? a. 13 percent b. 7 percent c. 6 percent d. 1 percent
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What is the real interest rate paid on a loan bearing 7 percent nominal interest per year

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Exploring Macroeconomics

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