Table 24-5
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the Following Table Shows the Value of the Consumer

question 194

Multiple Choice

Table 24-5
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The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years.
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$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { CPI } & \begin{array} { c } \text { Nominal Interest Rate } \\\text { (Percent) }\end{array} \\\hline 1 & 233.0 & 2.4 \\\hline 2 & 236.7 & 2.5 \\\hline 3 & 237.0 & 2.1 \\\hline\end{array}$$
-Refer to Table 24-5. What was the real interest rate in Year 3?

• A)1.8%
• B)2.0%
• C)2.2%
• D)2.4%

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