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In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.

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In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.
1). 8 percent
2). 2.2 percent
3). 3 percent
4). 13.75 percent

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1 answers

1 vote
Answered by on | Votes 1 |
option 3 is the right answer

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