Multiple Choice
Mr. X invested $5,000 for a period of 2 years. The investment plan offered a nominal rate of return of 6% on the investment.
-Refer to the scenario above. If the long-run inflation rate in the economy is 3.4%, the real rate of return on his investment will be____.
A) 1.77%
B) 2.6%
C) 9.4%
D) 20.4%
Correct Answer:
Verified
Correct Answer:
Verified
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