Post Utme Rhema University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_RHEMA_UNIVERSITY • 2017 • 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 Rhema University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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