Post Utme Noun 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_NOUN • 2019 • ECONOMICS • objective

The inflation rate in a country is 5% per annum. If the 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 Noun 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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