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mihalych1998 [28]
3 years ago
7

In​ 1975, interest rates were 7.85 % and the rate of inflation was 12.3 % in the united states. what was the real interest rate

in​ 1975?
Business
1 answer:
asambeis [7]3 years ago
3 0

-4.45%

Real interest rate is the nominal interest rate minus the rate of inflation:

7.85-12.3 = -4.45%

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