Business, 30.08.2019 20:00, makaylahunt
During a certain year, the consumer price index increased from 120 to 132 and the purchasing power of a persons bank account increased by 4 percent. for that year,
a. the nominal interest rate was 14 percent.
b. the inflation rate was 9 percent.
c. the nominal interest rate was 6 percent.
d. the inflation rate was 12 percent
Answers: 1
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