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uranmaximum [27]
3 years ago
9

Which statement best explains the interest rates related to this CD?

Social Studies
2 answers:
Black_prince [1.1K]3 years ago
8 0

Answer:

B. The nominal interest rate is 3 percent, while the real interest rate is 1 percent.

Shalnov [3]3 years ago
6 0

Answer: The answer is B. The nominal interest rate is 3 percent, while the real interest rate is 1 percent.

Explanation: In the description of the CD, the rate given is a description of the limit to which it can increase, so the maximum this CD will increase is 3 percent anually. But this value is attached to the difference with the annual inflation.

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