Which of the Following Statements Is Correct

question 48

Multiple Choice

Which of the following statements is correct?

• A)As a group,economists see no purpose in distinguishing between the nominal interest rate and the real interest rate.
• B)The interest rate that is usually reported is the nominal interest rate.
• C)If the nominal interest rate increases and the inflation rate remains unchanged,then the real interest rate decreases.
• D)All of the above are correct.

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Definitions:

Creditors

Individuals or entities that are owed money or other assets by another entity, known as the debtor.

Surety

A person or entity that takes responsibility for another's performance of an obligation, such as repaying a loan or fulfilling a contract.

Guarantor

A person or organization that commits to covering someone else's financial obligations or contract performance should the primary party fail to fulfill their responsibilities.

Fraud

Fraud is an intentional deception made for personal gain or to damage another individual.