Q. In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was
A) 4.50%
B) 7.50%
C) 0.25%
D) 4%
✔ Correct Answer: 4.50%
Exam Insight
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A) 4.50%
B) 7.50%
C) 0.25%
D) 4%
✔ Correct Answer: 4.50%
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