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The nominal interest rate is 6%. The inflation rate is 3%. The exact real interest rate must be _________.
a. 1.45%.b. 2.12%.c. 2.91%.d. 3.85%.

Respuesta :

facundobuzzetti

Answer:

Real interest rate= 0.03 = 3%

Explanation:

Giving the following information:

The nominal interest rate is 6%.

The inflation rate is 3%.

To calculate the real interest rate, we need to use the following formula:

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.06 - 0.03

Real interest rate= 0.03 = 3%

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