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TB MC Qu. 3-24 If the nominal interest rate per year is... If the nominal interest rate per year is 11 percent and the inflation

TB MC Qu. 3-24 If the nominal interest rate per year is... If the nominal interest rate per year is 11 percent and the inflation rate is 3 percent, what is the real rate of interest? Multiple Choice 11.0 percent 6.1 percent 7.8 percent 14.0 percent

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