Effective and nominal interest rates are equal, when the interest is compounded Options: A . &nbspAnnually B . &nbspFortnightly C . &nbspMonthly D . &nbsphalf-yearly

Effective and nominal interest rates are equal, when the interest is compounded

Question

Effective and nominal interest rates are equal, when the interest is compounded

Options:

A . Annually

B . Fortnightly

C . Monthly

D . half-yearly

Answer: Option A

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