Post Utme Christopher University 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A country's inflation rate is 10% per annum. If the 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 Christopher University 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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