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20. Over the past year you earned a nominal rate of interest of 14% on your money. The inflation rate was 2% over the same

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20. Over the past year you earned a nominal rate of interest of 14% on your money. The inflation rate was 2% over the same period. The exact actual growth rate of your purchasing power (Real.interest rate) was: * A) 11.76% B) 16.00% C) 15.02% D) None of the above

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