Economy, asked by bibhutimarch2021, 1 year ago

Explain the meaning of nominal interest rate and real interest rate. How are they related

Answers

Answered by Rajeshkumare

A nominal interest rate is the interest rate that does not take inflation into account. ... The nominal interest rate is a simple concept to understand; for example, if you borrow $100 at a 6% interest rate, you can expect to pay $6 in interest without taking inflation into account.

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