Waec Model Questions Vol1 2023 Economics Question 42
Practice objective / multiple choice question 42 from the 2023 Waec Model Questions Vol1 Economics examination.
A savings account offers a nominal interest rate of 12% per annum. If the expected inflation rate is 5% per annum, what is the approximate real interest rate earned on the account?
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 42. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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