Answer the question regarding nominal interest rate and real interest rate

actice- Answer the questions regarding nominal interest rate and real intere Assume the nominal interest rate was 5% and inflation was 3%. What was the real interest rate? Assume the real interest rate was -2% and the inflation rate was 8%. What was the nominal interest rate? Assume the real interest rate was 4% and the nominal interest rate was 6%. What was the expected rate of inflation? 4 Assume the nominal interest rate was 4% an 70