Today, interest rates on a bank account are 1% and the current rate of inflation is 8.5%. Assuming this stays constant o

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answerhappygod
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Today, interest rates on a bank account are 1% and the current rate of inflation is 8.5%. Assuming this stays constant o

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Today, interest rates on a bank account are 1% and the currentrate of inflation is 8.5%. Assuming this stays constant over thenext year, what is your real rate of return? Multiple Choice -7.5%1% -8.5% -9.5%
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