Which Statement Best Describes Nominal Interest Rates and Real Interest

question 3

Multiple Choice

Which statement best describes nominal interest rates and real interest rates in the 1970s and 1990s?

• A) Nominal interest rates were high in the 1970s, and real interest rates were high in the 1990s.
• B) Nominal interest rates were high in the 1970s, and real interest rates were low in the 1990s.
• C) Nominal interest rates were high in the 1990s, and real interest rates were high in the 1970s.
• D) Nominal interest rates were high in the 1990s, and real interest rates were low in the 1970s.

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Definitions:

Reference Checking

The process of contacting previous employers, colleagues, teachers, or other individuals to verify the background, capabilities, and qualifications of a job applicant.

Employee Selection Process

A systematic approach used by employers to review applications, assess candidates, and hire the most suitable individual for a job.