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Suppose you could pick from two time periods. The first is 1975 when the nominal interest rate is 8% and 2015 when the nominal interest
Suppose you could pick from two time periods. The first is 1975 when the nominal interest rate is 8% and 2015 when the nominal interest rate is 2.3%. As a lender, you would definitely prefer the year 1975. Group of answer choices True False
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