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With no inflation, a bank would be willing to lend a business rm $5 million at an annual interest rate of 6 percent. But if

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With no inflation, a bank would be willing to lend a business rm $5 million at an annual interest rate of 6 percent. But if the rate of ination was anticipated to be 3 percent. the bank would most likely charge the rm an annual interest rate of Multiple Choice - "9 percent.Correct

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