What would be the effect of an inflation rate

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Suppose the nominal rate of interest on a bank certificate of deposit is 12 percent. What would be the effect of an inflation rate of 13 percent?

Reference no: EM13993529

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What would be the effect of an inflation rate : Suppose the nominal rate of interest on a bank certificate of deposit is 12 percent. What would be the effect of an inflation rate of 13 percent?

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