Post Utme Coal City University 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A country's inflation rate is 5% per annum, and its nominal interest rate is 10% per annum. What is the real interest rate?

Answer Options

A. 5%
Correct Answer B. 6%
C. 7%
D. 8%
Correct Answer
B
Correct Option:
6%

About This Question

This is Post Utme Coal City University 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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