If the Nominal Rate of Interest Is 6 Per Cent

question 74

Multiple Choice

If the nominal rate of interest is 6 per cent and the real rate of interest is 10 per cent, the rate of inflation is _____.

• A) 4%
• B) -4%
• C) 3%
• D) -3%

Distinguish between effective and ineffective promotional material inclusion in customer responses.

Grasp the importance of and strategies for maintaining customer goodwill and loyalty in response to claims.

Understand the goals and structure of effective adjustment messages.

Realize the significance of expressing authenticity and sincerity in goodwill, condolences, and thank you messages.

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Definitions:

Final and Definite Award

In arbitration, a conclusive decision given by an arbitrator that resolves the dispute and is binding on all parties.

Arbitrator's Bias

A situation in which an arbitrator, who is supposed to act as an impartial third-party decision-maker in a dispute resolution process, shows unfair bias towards one of the parties.

Counterclaim

A claim made by the defendant against the plaintiff that is filed along with the defendant’s answer.

Negligence

Neglecting to uphold the level of care that a reasonably careful individual would have maintained under comparable circumstances, resulting in injury or damage.