Post Utme Oau 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Oau Economics examination.

Post Utme Oau 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2020 • ECONOMICS • objective

A country's inflation rate 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 Oau 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Oau Economics examination.

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