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27 May, 20:46

The nominal interest rate could best be described as the ___ rate

A. Actual

B. Future

C. Inflated

D. Stated

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Answers (1)
  1. 27 May, 21:07
    0
    The nominal interest rate could best be described as the B) Stated rate. The nominal interest rate is the stated interest rate on a deposit which received by investors and on a loan which received by banks. This interest has not been affected by the inflation rate of a country, therefore the rate is different than the actual interest.
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