Under Which of the following conditions would you pr... - Solved MCQs & Answer

3193EconomicsMedium

Under Which of the following conditions would you prefer to be the borrower?

AThe nominal rate of interest is 15 percent and the inflation rate is 14 percent

BThe nominal rate of interest is 20 percent and the inflation rate is 25 percent

CThe nominal rate of interest is 12 percent and the inflation rate is 9 percent

DThe nominal rate of interest is 5 percent and the inflation rate is 1 percent

Correct answer

B. The nominal rate of interest is 20 percent and the inflation rate is 25 percent

Explanation

The correct answer is The nominal rate of interest is 20 percent and the inflation rate is 25 percent.

If people have rational expectations a monetary policy contraction that is announced and is credible could?

Country with the largest GNP (Gross National Product) is:________?

Which of the following payment instruments introduced by the banks is known as plastic money?

Refer to Figure 1. The unemployment rate is?

Which of the following are potential solutions to the problem of air pollution?

The Organization of Petroleum Exporting Countries (OPEC) is a(n) ________whose members agree to limit output and fix prices?