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The real rate of interest is 2% and the expected inflation rate is 2%. What is the nominal rate of interest? A. 2.02% B. 3.04%

The real rate of interest is 2% and the expected inflation rate is 2%. What is the nominal rate of interest?

A. 2.02%

B. 3.04%

C.4.00%

D. 4.04%

E. 4.24%

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