the ______ interest rate is a basic rate that shows how much your money will earn in one year.\na…
the ______ interest rate is a basic rate that shows how much your money will earn in one year.\na. nominal\nb. variable\nc. real\nd. introductory
Answer
Brief Explanations:
The nominal interest rate is the basic rate that indicates the amount of money earned in one - year without adjusting for inflation. Variable rates change over time, real rates are adjusted for inflation, and introductory rates are temporary low - rates for a starting period.
Answer:
A. nominal