Q. In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was
A) 10.5 percent
B) 3.2 percent
C) 5.5 percent
D) 8 percent
✔ Correct Answer: 5.5 percent
Exam Insight
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A) 10.5 percent
B) 3.2 percent
C) 5.5 percent
D) 8 percent
✔ Correct Answer: 5.5 percent
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