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\fSuppose that the rate at which money circulates grows 2% per year, money supply grows 5% per year and real output grows only 3% per year and that real interest rate is 3.0 (in percentage point), what is the nominal interest rate (in percentage point)? Oa.6 013.4 Oc.5 Od.3 JLehT_.__.m____ Suppose Big Apple Republic has the following monetary asset information as ofJanuary 2020 (where 'b' represenis billion): Cash $30b Demand Deposits $401) Other Checkable Deposits $15b Traveler's checks $5b Savings Type accounts $2001) Money Market Mutual Funds $50b Money Market Deposit accounts $50b Small Time Deposits $50b Large Time Deposits $451)