Which of the following statements about nominal interest and real interest is true?

A. Nominal interest is a yearly rate and real interest is a monthly rate.

B. Nominal interest does not adjust for inflation, whereas real interest does.

C. Nominal interest is what the lender receives and real interest is what the borrower pays.

D. Nominal interest and real interest are two ways of saying the same thing.

B. Nominal interest does not adjust for inflation, whereas real interest does.

Economics

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The maximum amount a rent seeker would pay for a monopoly is the ________

A) market price B) deadweight loss C) monopoly's economic profit D) monopoly's normal profit

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In the United States, controlling inflation is the primary job of ______.

a. the Department of Labor b. the Federal Reserve System c. Congress d. the Bureau of Labor Statistics

Economics