(Choose 1 answer)
(17815) The CPI was 120 in 2000 and 132 in 2001. Dorgan borrowed money in 2000 and repaid the loan in 2001. If the nominal interest rate on the loan was 12 percent, then the real interest rate was
A. 2 percent.
B. 10 percent.
C. 12 percent.
D. 22 percent.
Exit 6
