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What Has Been the Average Annual Nominal Rate of Interest

Question 16

Multiple Choice

What has been the average annual nominal rate of interest on Treasury bills over the past 114 years (1900 to 2014) ?


A) Less than 1 percent
B) Between 1 percent and 2 percent
C) Between 2 percent and 3 percent
D) Greater than 3 percent

Correct Answer:

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