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Country X taxes nominal interest income at a rate of 10%. Country Y taxes nominal interest income at a rate of 20% The real interest

Country X taxes nominal interest income at a rate of 10%. Country Y taxes nominal interest income at a rate of 20% The real interest rate before tax in country X and Y is 4% Country X has an inflation rate of 16% per year Country Y has an inflation rate of 6% per year The nominal interest rate in country X is [ Select ] V The nominal interest rate in country Y is [ Select ]

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