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Mathematics, 08.09.2020 23:01 Tirone

Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which option would be the best for him at a current inflation rate of 1.5%?
A nominal interest rate of 5%
A real interest rate of 5%
A real interest rate of 3%
A nominal interest rate of 3%

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