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29-08-2020
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In 2007, interest rates were about 4.5% and inflation was about 2.8%. What was the real interest rate in 2007

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Parrain Parrain

29-08-2020

Answer: 1.7%

Explanation:

The real interest rate is the interest rate in an economy after being adjusted for inflation.

Real Interest = Interest - Inflation

= 4.5% - 2.8%

= 1.7%

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