Post Utme Nile University 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2018 • 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 Nile University 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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