Answer:
the nominal interest rate is 7%
Explanation:
The calculation of the nominal interest rate is given below:
As we know that
Nominal interest rate is
= Real interest rate + Inflation rate
So,
The nominal interest rate should be
= 5% + 2%
= 7%
Hence, the nominal interest rate is 7%
The same is to be considered and relevant
Anomie is the concept that refers to a state of normlessness that is kept in check by group memberships.
Answer:
False
Explanation:
A certificate of Deposit or CD is a deposit made into a bank for a specific time. This deposit will earn a fixed interest rate that varies upon the days the deposit is made of. The rule is: Longer the days of the deposit, longer the interest rate paid.
C. Please Excuse My Dear Aunt Sally.
When merchants in Dallas had to close their stores for remodelling, this type of variation is known as the irregular components.
<h3>What is an irregular variation?</h3>
An irregular variation in sales occurs when sellers change the quantity of things they sell as a result of an unexpected event.
In this case, sellers stopped selling because they had an irregular event when a flood damaged their stores.
Find out more on effects of unexpected events at brainly.com/question/26951330.
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