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Business, 19.10.2019 03:10 emilianacassandra

Suppose that lenders want to receive a real rate of interest of 5 percent, and that they expect inflation to
remain steady at 2 percent in the coming years. based on this, lenders should charge a nominal interest rate of:
a. 2 percent.
b. 3 percent.
c. 5 percent.
d. 7 percent.

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