Post Utme Elizade University 2023 Economics Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's inflation rate is 5% and its interest rate is 10%. 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 Elizade University 2023 Economics Question 28. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.

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