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Question
If the bank advertises 6 percent annual interest rate on a one -year certificate of deposit and you anticipate the rate of inflation to rise to 3 percent during the year, then the real rate of interest on the certificate of deposit is
A) 9 percent.
B) 6 percent.
C) 3 percent.
D) 2 percent.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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