Solved

If the Nominal Interest Rate Per Year Is 10 Percent

Question 12

Multiple Choice

If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the real rate of interest?


A) 10.0 percent
B) 4.1 percent
C) 5.8 percent
D) 14.0 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions