If the Bank Offers You a Nominal Interest Rate of 9

question 90

Multiple Choice

If the bank offers you a nominal interest rate of 9 percent on a student loan, and if inflation is 6 percent, then what is the real interest rate?

• A) 15 percent.
• B) 9 percent.
• C) 6 percent.
• D) 3 percent.

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Definitions:

Employer Branding

The process of promoting a company as the employer of choice to a desired target group, one which a company needs and wants to recruit and retain.

Products And Services

Goods sold and tasks performed by a business to satisfy the needs and wants of customers.

Policy Decision

A choice made by authorities or organizations regarding rules, actions, or standards that guide operations or govern behavior.

Retaliate

To respond to a perceived wrong by taking revenge or engaging in counteractions.