Multiple Choice
In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is
A) 7.62 percent
B) 2.06 percent.
C) 0.58 percent.
D) 13.6 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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