The following table shows the average nominal interest rates on six- month Treasury bills between 2004 and 2008, which d

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The Following Table Shows The Average Nominal Interest Rates On Six Month Treasury Bills Between 2004 And 2008 Which D 1 (24.18 KiB) Viewed 54 times

The following table shows the average nominal interest rates on six- month Treasury bills between 2004 and 2008, which determined the nominal interest rate that the U.S. government paid when it issued debt in those years. The table also shows the inflation rate for the years 2004 to 2008. (All rates are rounded to the nearest tenth of a percent.) Nominal Interest Rate (Percent) 1.6 Inflation Rate (Percent) Year 2004 2005 2.7 3.4 3.4 2006 4.8 3.2 2007 4.4 2.9 2008 1.6 3.8 Source: "FRED Economic Data," Federal Reserve Bank of St. Louis, last modified September 23, 2019, accessed September 24, 2019, https://fred.stlouisfed.org. On the following graph, use the orange points (square symbol) to plot the nominal interest rates for the years 2004 to 2008. Next, use the green points (triangle symbol) to plot the real interest rates for those years. ? 5.0 O 4.0 Nominal Interest Rate 3.0 10 2.0 Real Interest Rate NTEREST RATE (Percent) 1.0 0 - 1.0 2.0 3.0 2003 2004 2005 2007 2008 2009 2008 YEAR According to the table, in which year did buyers of six-month Treasury bills receive the highest real return on their investment? O 2004 0 2005 ооооо O 2006 O 2007 O 2008