The Nominal Interest Rate Is

question 146

Multiple Choice

The nominal interest rate is

• A) the rate of interest charged to most large commercial borrowers.
• B) equal to the real interest rate minus the inflation rate.
• C) the rate charged on loans for automobiles and other personal loans but not the rate charged on home loans.
• D) the interest rate that is not corrected for inflation.
• E) the interest rate that is corrected for inflation.

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Definitions:

Harold Innis

A Canadian economist and professor known for his contributions to communication theory and economic history, especially concerning media and resource economies.

Time and Space

Fundamental concepts in various disciplines, representing the dimensions in which events occur and matter exists.

Harold Innis

A Canadian economist and professor known for his contributions to communication theory and the study of Canadian economic history.

Society

A collection of people engaged in continuous social interaction or a substantial social group inhabiting the same geographic or social area, usually under the same political rule and common cultural norms.