The Consumer Price Index Was 225 in 2008 and 232

question 50

Multiple Choice

The consumer price index was 225 in 2008 and 232.2 in 2009.The nominal interest rate during this period was 6.5 percent.What was the real interest rate during this period?

• A)1.6 percent
• B)3.3 percent
• C)5.1 percent
• D)7.4 percent

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