23) The real rate is 2.50% and inflation is 3.25%. What is the approximate nominal rate? 5 A) 5.75% B) 5.25% C) 3.25% D) 1.25%

23) The real rate is 2.50% and inflation is 3.25%. What is the approximate nominal rate? 5
A) 5.75%
B) 5.25%
C) 3.25%
D) 1.25%

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