AnswersPersonal Finance - EL3403Principles of InvestmentQuestion 122594
122594
AssignmentMultiple Choice

Principles of Investment

Question 122594 • Personal Finance - EL3403

Which statement best explains the interest rates related to this CD?

Answer
A
The nominal interest rate is 3 percent, while the real interest rate is 2 percent.
B
The nominal interest rate is 3 percent, while the real interest rate is 1 percent.
C
The nominal interest rate is 1 percent, while the real interest rate is 2 percent.
D
The nominal interest rate is 2 percent, while the real interest rate is 4 percent.
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