Q. In 2015, the real rate of interest in a country was 6% and the inflation rate then was 3%. So the nominal rate of interest in 2015 was
A) 6%
B) 3%
C) 12%
D) 9%
✔ Correct Answer: 9%
Exam Insight
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A) 6%
B) 3%
C) 12%
D) 9%
✔ Correct Answer: 9%
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