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Business, 24.04.2020 16:03 xxxanitaxxx

You have gone to the bank to borrow money for one year. The nominal rate is 7.5%. The real rate of interest is 4%. Over the course of the year, overall prices increased by 4%. This rate of inflation hurt the because the actual rate of inflation was than the anticipated rate of inflation.

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You have gone to the bank to borrow money for one year. The nominal rate is 7.5%. The real rate of i...
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