The real interest rate

A.

is the interest rate that is quoted on a financial debt and afirm's assets.

B.

is equal to the nominal interest rate minus the inflation rate.

Your answer is correct.

C.

is the interest rate that adjusts GDP for changes in prices.

D.

is equal to the inflation rate minus the nominal interest rate.

Suppose an economy has an inflation rate of 3.5% and a bank makes a loan with an interest rate of 6.6 In thiscase, the real interest rate is %. (Enter your response rounded to one decimalplace.)