An interest rate which is quoted by brokers, banks and other financial institutions is classified as Options: A . &nbspannuity rate B . &nbspperpetuity rate C . &nbspnominal rate D . &nbspexternal rate of return

An interest rate which is quoted by brokers, banks and other financial instituti

Question

An interest rate which is quoted by brokers, banks and other financial institutions is classified as

Options:

A . annuity rate

B . perpetuity rate

C . nominal rate

D . external rate of return

Answer: Option C
Answer: (c).nominal rate

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