MCQ
3. If the inflation grate is 6% per year and the market
interest rate is known to be 15% per year. What
is the implied real interest rate in this inflation
ary economy ?option 1. 0 11.45%. option 2. 9.00% option 3. 8.99%
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Answer:
The real interest rate would be 9%
Explanation:
Real interest rate = Nominal interest rate - Inflation rate
= 15% - 6%
= 9%
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