Multiple Choice
On January 1,2008,Edward invested $10,000 at 5% interest for one year.The consumer price index (CPI) on January 1,2008 stood at 160.On January 1,2009,the CPI was 176.The real rate of interest earned by Edward was
A) - 5%.
B) 0%.
C) 5%.
D) 8%.
E) 10%.
Correct Answer:
Verified
Correct Answer:
Verified
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