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An interest rate which is quoted by brokers banks and other...

This question belongs to Commerce Financial Management
Financial Management
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An interest rate which is quoted by brokers, banks and other financial institutions is classified as

Answer & Solution
Correct Answer: Option C
An interest rate which is quoted by brokers, banks and other financial institutions is classified as nominal rate. Nominal interest rate refers to the interest rate before taking inflation into account. Nominal can also refer to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.
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