The Consumer Price Index Was 120 in 2013 and 126

question 115

Multiple Choice

The consumer price index was 120 in 2013 and 126 in 2014.The nominal interest rate during this period was 8 percent.What was the real interest rate during this period?

• A)3 percent
• B)2 percent
• C)3.3 percent
• D)12.8 percent

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