Multiple Choice
Given a nominal interest rate of 6 percent,in which of the following cases would you earn the highest after-tax real rate of interest?
A) Inflation is 3 percent;the tax rate is 25 percent.
B) Inflation is 1 percent;the tax rate is 50 percent.
C) Inflation is 1 percent;the tax rate is 55 percent.
D) Inflation is 4 percent;the tax rate is 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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