Waec Model Questions Vol1 2024 Economics Question 18
Practice objective / multiple choice question 18 from the 2024 Waec Model Questions Vol1 Economics examination.
The Consumer Price Index (CPI) was 112 in 2022 and 124 in 2023. A savings account offers a nominal interest rate of 8% per annum. Calculate the real interest rate for 2023 using the Fisher approximation, and then find the real value of a ₦10,000 deposit after one year.
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This is Waec Model Questions Vol1 2024 Economics Question 18. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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