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9. If Treasury bills are currently paying 4.5% and the inflation rate is 1.6%, what is the approximate real rate of interest? The exact real

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9. If Treasury bills are currently paying 4.5% and the inflation rate is 1.6%, what is the approximate real rate of interest? The exact real rate? Approximation: R=r+h Exact Rate: (1 + R) = (1 + r) (1 + h)

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