Solved

If the Nominal Interest Rate Is 5

Question 20

Multiple Choice

If the nominal interest rate is 5.6 percent and the rate of inflation is 7.1 percent in a given year,then what is the corresponding real rate of return?


A) 12 .7 percent
B) 1.5 percent
C) -1.5 percent
D) -12.7 percent

Correct Answer:

verifed

Verified

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

Related Questions