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zimovet [89]
3 years ago
5

During a certain year, the consumer price index increased from 120 to 132 and the purchasing power of a persons bank account inc

reased by 4 percent. for that year,
a. the nominal interest rate was 14 percent.

b. the inflation rate was 9 percent.

c. the nominal interest rate was 6 percent.

d. the inflation rate was 12 percent
Business
1 answer:
Tatiana [17]3 years ago
4 0
The answer is D.} the inflation rate was 12 percent.
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