9. Kaitlin has $10,000 of savings that she may deposit with her local bank. Kaitlin wants to...

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9. Kaitlin has $10,000 of savings that she may deposit with her local bank. Kaitlin wants to earn a real rate of return of at least 4 percent and she is expecting inflation to be exactly 3 percent.

What is the lowest nominal interest rate that Kaitlin would be willing to accept from her local bank? LO9.4

a. 4 percent.

c. 6 percent.

b. 5 percent.

d. 7 percent.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:00 AM

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9. Kaitlin has $10,000 of savings that she may deposit with her local bank. Kaitlin wants to...

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Macroeconomics

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