Answered: The rate of interest written on a…

The rate of interest written on a contract between a borrower and a lender is the a. expected interest rate. b. implied interest rate. c. real interest rate. d. nominal interest rate

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section16.1: Interest

Problem 2ST

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Question

The rate of interest written on a contract between a borrower and a lender is the

	a.	expected interest rate.
	b.	implied interest rate.
	c.	real interest rate.
	d.	nominal interest rate

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