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In 2008, one-year real interest rates were 5% and inflation was 4.5%. What was the nominal interest rate in 2008? A. 9.4% B. 9.73% C.
- In 2008, one-year real interest rates were 5% and inflation was 4.5%. What was the nominal interest rate in 2008?
A. 9.4%
B. 9.73%
C. 0.5%
D. 9.5%
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
