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Suppose a bank extends a one-year loan to you for $2,000 with an interest rate of 7%. The inflation rate over that year turns out

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Suppose a bank extends a one-year loan to you for $2,000 with an interest rate of 7%. The inflation rate over that year turns out to be 9%. Based on this information, answer the following questions. the bank The real interest rate is /%. you Because of the real interest rate, the loan is more advantageous to

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