Gce Model Questions Vol1 2018 Economics Question 2
Practice objective / multiple choice question 2 from the 2018 Gce Model Questions Vol1 Economics examination.
A savings account offers a nominal interest rate of 8% per year. Inflation is 6% in the first half‑year and 4% in the second half‑year. Using the exact Fisher relation, calculate the real interest rate earned on the account, expressed as a percentage to two decimal places.
Answer Options
About This Question
This is Gce Model Questions Vol1 2018 Economics Question 2. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.