ers to the professed interest rate.   a Nominal   b Effective   c Ordinal   d Actual

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter29: Interest, Rent, And Profit
Section: Chapter Questions
Problem 15QP
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It refers to the professed interest rate.

  a

Nominal

  b

Effective

  c

Ordinal

  d

Actual

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