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Nominal interest rate

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If the real interest rate is 5%, the U.S. inflation rate is at 3%, and the inflation rate of the euro area (the countries that use the euro) is at 4%, what are the nominal interest rates for both the United States and the euro area?

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Finding the nominal interest rates from inflation and real interest rates.

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The real interest rate is the nominal rate of interest minus inflation. Stated another ...

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