Multiple Choice
During a certain year,the nominal interest rate was 7 percent,the real interest rate was 4 percent,and the CPI was 198.3 at the end of the year.The CPI at the beginning of the year was
A) 204.2
B) 192.5
C) 178.6
D) 220.1
Correct Answer:
Verified
Correct Answer:
Verified
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