Neco 2025 Economics Question 49

Practice objective / multiple choice question 49 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Easy Difficulty
Question 49 NECO • 2025 • ECONOMICS • objective

A commercial bank advertises a nominal interest rate of 12 % per annum. If the expected inflation rate is 5 % per annum, what is the approximate real interest rate using the Fisher approximation?

Answer Options

A. 6 %
B. 8 %
Correct Answer C. 7 %
D. 17 %
Correct Answer
C
Correct Option:
7 %

About This Question

This is Neco 2025 Economics Question 49. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Easy .

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