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What the approximate real rate of return is

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Reference no: EM132709951

Problem 1: If the annual rate is 10% and inflation is 4%, then the approximate real rate of return is:

1. 14.00%

2. 4.00%

3. 6.00%

4. 6.80%

? 5. 7.00%

Problem 2:  A service designed for people who write only a few cheques each month is a(n) ____________ account.

1. EFT

2. Regular chequing

3. Share draft

4. Interest-bearing chequing

? 5. activity

 

Reference no: EM132709951

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