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Your neighborhood bank is offering investors a money market account that pays 3 . 5 % interest on deposits. If the current annual rate of

Your neighborhood bank is offering investors a money market account that pays 3.5% interest on deposits. If the current annual rate of inflation is 1.2%, how much is the exact real rate for this account?
Multiple choice question.
2.27%
3.05%
2.80%
2.30%

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