If the Nominal Interest Rate Is 68 Percent and the Rate

question 58

Multiple Choice

If the nominal interest rate is 68 percent and the rate of inflation is 2 percent,what is the real interest rate?

• A) 6 percent
• B) 8 percent
• C) 10 percent
• D) 12 percent

---

Definitions:

Hemostat

A surgical instrument used to control bleeding by clamping blood vessels or tissues.

Tuberculosis Test

A medical test used to determine if an individual has been infected with the bacteria that causes tuberculosis, such as a skin or blood test.

Certified Nurse

A nurse who has achieved advanced certification in a specific field of nursing, beyond initial licensure.

Millimeters

A metric unit of length equal to one-thousandth of a meter, commonly used to measure small distances or objects.