Nominal Interest Rate Must Be Positive

question 131

True/False

Nominal interest rate must be positive.

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Definitions:

Supreme Court

The highest judicial court in a country or state, which typically has the ultimate authority over all other courts.

Multinational Corporation

A corporation doing business in more than one country; often it owns production facilities in at least one country and sells in many countries.

Standard Oil Trust

A conglomerate of interconnected oil companies controlled by John D. Rockefeller in the late 19th and early 20th centuries, known for its monopolistic practices.

Exxon

An American multinational oil and gas corporation, one of the world's largest publicly traded energy providers and chemical manufacturers.