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What real interest rate is offered by a savings account with a 12% nominal rate during a period of 5% inflation? (a) 5.33% (b) 6.66%

What real interest rate is offered by a savings account with a 12% nominal rate during a period of 5% inflation?

(a) 5.33%

(b) 6.66%

(d) 8.33%

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