If the nominal interest rate is 68 percent and the rate of inflation is 2 percent,what is the real interest rate?
A) 6 percent
B) 8 percent
C) 10 percent
D) 12 percent

Name: If the nominal interest rate is 68 percent and the rate of inflation is 2 percent,what is the real interest rate? A) 6 percent B) 8 percent C) 10 percent D) 12 percent
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Question

Quizplus · Accepted Answer

The real interest rate is the nominal interest rate minus the inflation rate. So, 68% - 2% = 6%.

If the Nominal Interest Rate Is 68 Percent and the Rate