Multiple Choice
The consumer price index was 200 in 2012 and 208 in 2013.The nominal interest rate during this period was 9 percent.What was the real interest rate during this period?
A) 5.00 percent
B) 1.00 percent
C) 5.15 percent
D) 13.00 percent
Correct Answer:
Verified
Correct Answer:
Verified
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