Multiple Choice
A year ago, you invested $2,500 in a savings account that pays an annual interest rate of 2.5%. What is your approximate annual real rate of return if the rate of inflation was 3.4% over the year?
A) 0.9%.
B) 0.9%
C) 5.9%
D) 3.4%
Correct Answer:
Verified
Correct Answer:
Verified
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