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John deposits $200 in a savings account on January 1, and the bank pays him interest of $10 at the end of the year. During
John deposits $200 in a savings account on January 1, and the bank pays him interest of $10 at the end of the year. During the year, the average price level rises by 2%. The real interest rate on John's savings account is ______ %. Group of answer choices 3 5 8 None of the above
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