728x90 728x90 nominal interest rate1 Nominal Interest Rate VS Real Interest Rate What is a Nominal Interest Rate?The nominal interest rate is the interest rate applied when lending or borrowing money. Simply put, it's the interest rate you receive when you save money in a bank or the interest rate you pay when you take out a loan.Understanding Through ExamplesExample 1: SavingsYou save $1,000 in a bank for one year at a nominal interest rate of 5% per annum.The interest earn.. 2024. 8. 8. 이전 1 다음 728x90 728x90
