In 2007, the Interest Rate Banks in France Charge Each

question 153

Multiple Choice

In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is

• A) 7.62 percent
• B) 2.06 percent.
• C) 0.58 percent.
• D) 13.6 percent.

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Overestimate

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