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04/04/2020 Client: suns Deadline: 2 Day

 Inflation and interest rates


The following table shows the average nominal interest rates on sixmonth


Treasury bills between 1971 and 1975, which determined the nominal


interest rate that the U.S. government paid when it issued debt in those years. The table also shows the inflation rate for the years 1971 to 1975. (All


rates are rounded to the nearest tenth of a percent.)


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