Q: Passage: The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.

Question: Based on this passage, nominal interest rate minus the rate of inflation equals?
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The important part for answering this question is: It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate. So the answer is the real interest rate.