During a Certain Year,the Nominal Interest Rate Was 7 Percent,the

question 120

Multiple Choice

During a certain year,the nominal interest rate was 7 percent,the real interest rate was 4 percent,and the CPI was 198.3 at the end of the year.The CPI at the beginning of the year was

• A)204.2
• B)192.5
• C)178.6
• D)220.1

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