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Quiz· Inflation and Quantity Theory of Money· 16 of 18
Knowledge CheckQuestion 1 of 4

For the following question, use the table below. What is the nominal rate of return after taxes if the nominal interest rate on a savings account is 900% (!)? Assume the government tax rate is ⅓.

For the following question, use the table below. What is the nominal rate of return after taxes if the nominal interest rate on a savings account is 900% (!)? Assume the government tax rate is ⅓.

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