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Which one of these is the definition of a real risk-free rate? Rate that would exist on a default-free security if no inflation were expected

Which one of these is the definition of a real risk-free rate?

Rate that would exist on a default-free security if no inflation were expected

Interest rate that reflects annualizing with compounding figured in

Interest rate actually observed in financial markets

Continual increase in the price level of a basket of goods

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