If the inflation rate is 10 percent and the real interest rate is 12 percent, the nominal interest rate is:
A)2 percent.
B. zero percent.
C. 10 percent.
D. 22 percent.
Answer:D
If the inflation rate is 10 percent and the real interest rate is 12 percent, the nominal interest rate is:
A)2 percent. B. zero percent. C. 10 percent. D. 22 percent.