The nominal interest rate was 14% and the inflation rate was 10% initially. If the nominal interest rate fell to 7% and the inflation rate fell to 4% eventually, the real interest rate would change from _____.
A)24% to 11%
B)11% to 24%
C)4% to 3%
D)3% to 4%
E)10% to 7%

Question

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The Answer of The nominal interest rate was 14% and the inflation rate was 10% initially. If the nominal interest rate fell to 7% and the inflation rate fell to 4% eventually, the real interest rate would change from _____.
A)24% to 11%
B)11% to 24%
C)4% to 3%
D)3% to 4%
E)10% to 7%

The Nominal Interest Rate Was 14% and the Inflation Rate