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Question #47933

If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is ?

Options:

A) 4 percent

B) 10 percent

C) -4 percent

D) 3 percent

E) E. 21 percent

Answer: If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is 4 percent.

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