Multiple Choice
The nominal interest rate was 14% and the inflation rate was 10% initially. If the nominal interest rate fell to 7% and the inflation rate fell to 4% eventually, the real interest rate would change from _____.
A) 24% to 11%
B) 11% to 24%
C) 4% to 3%
D) 3% to 4%
E) 10% to 7%
Correct Answer:
Verified
Correct Answer:
Verified
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