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# Consider the following table for the period from 1926 through 1932. Returns U.S. Treasury Years Bills Inflation 1926 3.30% 1.12% 1927 3.15 2.26 1928

Consider the following table for the period from 1926 through 1932.
Consider the following table for the period from 1926 through 1932. Returns Years U.S. Treasury Bills Inflation 1926 3.30% −1.12% 1927 3.15 −2.26 1928 4.05 −1.16 1929 4.47 0.58 1930 2.27 −6.40 1931 1.15 −9.32 1932 0.88 −10.27 What was the average real return for Treasury bills from 1926 through 1932?

Years Returns U.S Treasury Bills
Nomina lRate 1926
1927
1928
1929
1930
1931
1932 0.033
0.0315
0.0405
0.0447
0.0227
0.0115
0.0088 Inflation
-0.0112
-0.0226
-0.0116
0.0058
-0.064
-0.0932
-0.1027...

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