2 years ago

Drag each tile to the type of interest rate it describes

Mathematics

1 answer:

sertanlavr [38]2 years ago

6 0

Answer:

Nominal Interest Rate: Does not consider inflation provides a sense of purchasing power

Real Interest Rate: It describes the stated interest rate on an account and also considers inflation

Step-by-step explanation:

Real interest rate can be defined as the Nominal interest rate minus the inflation rate.

Nominal Interest Rate is the interest rate without taking into account the inflation

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