Calculate the Real Rate of Interest If the Nominal Rate

question 17

Multiple Choice

Calculate the real rate of interest if the nominal rate of interest is 9.3% and the inflation rate is 3.25%.

• A)7.86%
• B)6.86%
• C)5.86%
• D)4.86%

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Definitions:

Injunctive Norms

Social rules that dictate what behaviors are typically approved or disapproved of within a community or society.

Norm Salience

Describes the degree to which social norms are noticeable or prominent to individuals in a given context, influencing their behavior.

Jigsaw Classroom Learning Technique

A cooperative learning technique where students are divided into small groups, each learning a different segment of material, then regrouping to share their learning with peers.

Academic Social-networking Technique

Use of social networking strategies and platforms to enhance academic learning and knowledge sharing.