Posted by
**Meredith** on
.

The annual nominal rate of interest on a bank certificate of deposit is 12%. What would be the effect of an inflation rate of 13% and why?

Thursday

March 30, 2017
Posted by
**Meredith** on
.

The annual nominal rate of interest on a bank certificate of deposit is 12%. What would be the effect of an inflation rate of 13% and why?

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