Q. 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 _________.
A) 2.2 percent
B) 8 percent
C) 3 percent
D) 13.75 percent
✔ Correct Answer: 3 percent
Exam Insight
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A) 2.2 percent
B) 8 percent
C) 3 percent
D) 13.75 percent
✔ Correct Answer: 3 percent
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