jpeters28131 jpeters28131

15-02-2024
Business

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If a person has money invested at 9 percent nominal interest rate and the rate of inflation is 5 percent, how much return (real interest rate) are they actually making on their investment? (nominal interest rate - rate of inflation)
a) 4 percent
b) 1 percent
c) 14 percent
d) 9 percent

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