Post Utme Bsu 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_BSU • 2021 • ECONOMICS • objective

A country's inflation rate is 10% per annum, and its nominal interest rate is 12% per annum. What is the real interest rate?

Answer Options

A. 2
Correct Answer B. 4
C. 6
D. 8
Correct Answer
B
Correct Option:
4

About This Question

This is Post Utme Bsu 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support