Initially the Nominal Interest Rate Is 8 Percent and the Inflation

question 210

Multiple Choice

Initially the nominal interest rate is 8 percent and the inflation rate is 5 percent. People know that the inflation rate increases to 10 percent. What is the new nominal interest rate?

• A) 8 percent
• B) 3 percent
• C) 13 percent
• D) 11 percent

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