An Australian 90- Day Bank Bill with Nominal Interest Rate

question 34

Multiple Choice

An Australian 90- day bank bill with nominal interest rate of 6% per annum will have a 90- day rate of return equal to:

• A) 1.50%.
• B) 1.52%.
• C) 1.47%.
• D) none of the above.

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Definitions:

Commercial Parking Lot

A parking facility designed to accommodate vehicles, typically operated for profit.

Warning

A form of communication intended to inform individuals about potential risks or dangers associated with certain actions or behaviors.

Liability

The state of being legally responsible for something, particularly for debts or legal obligations.

Act of God

Natural events outside of human control, such as hurricanes, earthquakes, or floods, which are not caused by and cannot be prevented by humans.