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The nominal rate of interest is the actual rate of interest charged by the supplier of...

The nominal rate of interest is the actual rate of interest charged by the supplier of funds and paid by demander. True False

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Answer #1

The statement is true.

The nominal arte of interest is the interest rate before taking inflation into account and is the interest rate of a loan or a bond. It is the rate that borrowers pay to lenders for the money lent.

                                                                                    

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