37 Answer
(Choose 1 answer)
(17801)The consumer price index was 225 in 2006 and 236 in 2007. The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?
A. 1.6 percent
B. 4.9 percent
C. 6.82 percent
D. 11.4 percent
