Multiple Choice
The CPI was 225 in 2014 and 232.2 in 2015.The nominal interest rate during this period was 1.4 per cent.What was the real interest rate during this period?
A) 1.8 per cent
B) 4.6 per cent
C) -1.8 per cent
D) -3.2 per cent
E) 3.2 per cent
Correct Answer:
Verified
Correct Answer:
Verified
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