1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
3 years ago
15

Titan State Bank offers to pay you 6% interest, compounded quarterly. The 6% interest rate is known as the: ANSWER Unselected re

al rate of interest Unselected nominal interest rate Unselected EAR Unselected rate of inflation
Business
1 answer:
VARVARA [1.3K]3 years ago
3 0

Answer:

nominal interest rate

Explanation:

Titan State Bank offer of 6% interest is a quoted interest rate. A quoted interest rate is also annual payable rate (APR)  and in this case, it is compounded quarterly. Additionally, since this quoted rate does not take into account the inflation rate, it is referred as a Nominal interest rate. However, when that nominal rate of 6% is adjusted for inflation, the rate you earn is the Real interest rate which you calculate using the Fisher equation.

You might be interested in
Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inv
saul85 [17]

Answer:

See attached file

Explanation:

4 0
3 years ago
Which phrase describes the substitution effect?
finlep [7]
I think it is 
<span>D.)substituting existing technology with a new technology to produce more goods
I hope this helps </span>
8 0
3 years ago
Read 2 more answers
A severe freeze has once again damaged the Florida orange crop. Explain the impact of the weather condition on the market for or
Elanso [62]

Answer:

Because the freeze has damaged the orange crop, the supply curve wil shift to the left, since suppliers now have less oranges available for sale.

This will cause the equilibrium quantity to fall, because there is less produce available, and the equilibrium price to rise, because all else being equal demand remains unaffected, and now, more consumers will scramble for a lesser amount of the good.

6 0
4 years ago
You've noticed that a significant number of your website's customers--36.2%--abandon their shopping carts at the first stage of
Sauron [17]
Allow people to check out as guests
7 0
3 years ago
Which type of tax provides income for retired and disabled people and their families?
Tju [1.3M]
A. Social security tax
3 0
3 years ago
Read 2 more answers
Other questions:
  • Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of
    8·1 answer
  • An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corp.
    15·1 answer
  • An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it h
    5·1 answer
  • Financial markets have the basic function of:________
    13·2 answers
  • Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goo
    14·1 answer
  • The growing popularity of bread machines has become a new business opportunity for Shelly Clemins and Jan Schoenbarr. The women
    10·1 answer
  • Assume that banks keep 10% of deposits as reserves. Households hold money such that the currency-deposit ratio is 80%. The money
    8·1 answer
  • Match each type of insurance with an example of when the insurance
    13·1 answer
  • In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declin
    11·1 answer
  • red line railroad inc. has three regional divisions organized as profit centers. the chief executive officer (ceo) evaluates div
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!