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Table 25-5 The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years. Year CPI Nominal
Table 25-5 The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years. Year CPI Nominal Interest Rate (Percent) 1 233.0 2.4 2 236.7 2.5 3 237.0 2.1 Refer to Table 25-5. What was the real interest rate in Year 3? a. 1.8% b. 2.0% c. 2.4% d. 2.2%
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
