Post Utme Unilag 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILAG • 2023 • 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

Correct Answer A. 5%
B. 10%
C. 15%
D. 20%
Correct Answer
A
Correct Option:
5%

About This Question

This is Post Utme Unilag 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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