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54. A one year GIC certificate has a real interest rate of 2%. If the inflation is rate is 1%, what is the exact value

54. A one year GIC certificate has a real interest rate of 2%. If the inflation is rate is 1%, what is the exact value of the nominal interest rate?

Select one:

a. 0.99%

b. 3.02%

c. 2.98%

d. 3.00%

e. None of THESE

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