Multiple Choice
What is the term for the interest rate financial institutions quote?
A) Nominal
B) Effective
C) Annual
D) Real
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q75: Ruby is expecting her first child next
Q76: Betty wants to accumulate $1 million by
Q77: ABC Bank offers term deposits with 8
Q78: The present value interest factor is<br>A)always less
Q79: Assuming an inflationary economy,the future value interest
Q81: The effective rate of interest and compounding
Q82: Raymond has an investment of $25 000
Q83: The higher the interest rate,the higher the
Q84: Sally will not be making any investments
Q85: Nick invests $50 000 today and the