Multiple Choice
The consumer price index was 225 in 2008 and 232.2 in 2009.The nominal interest rate during this period was 6.5 percent.What was the real interest rate during this period?
A) 1.6 percent
B) 3.3 percent
C) 5.1 percent
D) 7.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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