Solved: What is the real interest rate bank is earning on its loans, Microeconomics

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What is the real interest rate bank is earning on its loans

Problem

If inflation is currently 3.35% and a bank is lending money at 6.65% interest, what is the real interest rate the bank is earning on its loans?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the real interest rate bank is earning on its loans

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Microeconomics: What is the real interest rate bank is earning on its loans

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