The Nominal Wage Rate Is the

question 83

Multiple Choice

The nominal wage rate is the

• A)average hourly wage rate measured in the dollars of a given reference base year.
• B)minimum hourly wage that a company can legally pay a worker.
• C)average hourly wage rate measured in current dollars.
• D)wage rate after inflation has been adjusted out of it.
• E)minimum hourly wage rate measured in the dollars of a given reference base year.

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Definitions:

Rate Of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Microfinance

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Lending

The act of giving money to another party with the expectation that it will be repaid with interest.

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