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If the nominal interest rate is 8% but domestic inflation is 3%, then the real interest rate is: Select one: a
If the nominal interest rate is 8% but domestic inflation is 3%, then the real interest rate is:
Select one:
a. 5%
b. 11%
c. 8
d. 3%
Expert Solution
The correct answer is option a
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Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8 % - 3 %
Real interest rate = 5 %
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