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In 1977,the Annual Inflation Rate in Canada Was 9

Question 4

Multiple Choice

In 1977,the annual inflation rate in Canada was 9.5%,while one-year interest rates were 7.9%.What was the real rate of return in Canada in 1977?

A) -1.60%
B) -1.46%
C) 1.46%
D) 1.60%

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