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15-12-2020
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If the nominal interest rate is 6 percent and the rate of inflation is 10 percent, then the real interest rate is:______

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15-12-2020

Answer:

The real interest rate = - 4 percent

Explanation:

Given:

Nominal interest rate = 6 percent

Rate of inflation = 10 percent

Find:

The real interest rate

Computation:

The real interest rate = Nominal interest rate - Rate of inflation

The real interest rate = 6 - 10

The real interest rate = - 4 percent

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