Under which of the following circumstances would it be best to be a lender?
1 )
The nominal rate of interest is 0 percent and the inflation rate is 0 percent
2 )
The nominal rate of interest is 2 percent and the inflation rate is 5 percent
The nominal rate of interest is 5 percent and the inflation rate is 1 percent
4 )
The nominal rate of interest is 7 percent and the inflation rate is 4 percent
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