If the Nominal Interest Rate Is 12% P

question 32

Multiple Choice

If the nominal interest rate is 12% p.a.and the inflation rate is expected to be 5% p.a. ,what is the real rate of interest?

• A)106.7%
• B)6.7%
• C)7%
• D)8.2%

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Definitions:

Minority Cultural Groups

Social groups that share distinct cultural traditions and are smaller in number within a larger population or society.

Dominant Culture

the prevailing cultural practices, beliefs, and values of the majority group within a society, which can influence social norms and policies.

System Maintenance

The process of keeping an organization or technical system operating smoothly through regular check-ups, updates, and repairs.

Enhancement Role

Refers to activities or positions that contribute to improving or augmenting the performance, status, or condition of something or someone.