Multiple Choice
Consider the situations of a lender of money and a borrower of money.Which of the following situations is least burdensome for the borrower?
A) nominal interest rate of 15% and an inflation rate of 8%
B) nominal interest rate of 10% and an inflation rate of 1%
C) nominal interest rate of 8% and an inflation rate of 2%
D) nominal interest rate of 4% and an inflation rate of 4%
E) nominal interest rate of 29% and an inflation rate of 21%
Correct Answer:
Verified
Correct Answer:
Verified
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