Post Utme Abu 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2021 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the nominal interest rate is 10% per annum, what is the real interest rate?

Answer Options

Correct Answer A. \( r = 5% \)
B. \( r = 10% \)
C. \( r = 15% \)
D. \( r = 20% \)
Correct Answer
A
Correct Option:
\( r = 5% \)

About This Question

This is Post Utme Abu 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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