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Shortterm U. S. Treasury bills are yielding 0.5%. The expected inflation rate is 2%. Therefore, the real rate of interest must be negative 1.5%. True
Shortterm U. S. Treasury bills are yielding 0.5%. The expected inflation rate is 2%. Therefore, the real rate of interest must be negative 1.5%.
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
