Ask Question
12 June, 05:23

The nominal interest rate could best be described as the ___ rate

A. Actual

B. Future

C. Inflated

D. Stated

+1
Answers (1)
  1. 12 June, 07:45
    0
    The nominal interest rate could best be described as the B) Stated rate. The nominal interest rate is the stated interest rate on a deposit which received by investors and on a loan which received by banks. This interest has not been affected by the inflation rate of a country, therefore the rate is different than the actual interest.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The nominal interest rate could best be described as the ___ rate A. Actual B. Future C. Inflated D. Stated ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers