Advanced Placement (AP), 09.05.2021 16:50 aylengarcia090

Plz help im confused! When a bank provides a loan for a large consumer purchase, the nominal interest rate is

the real interest rate minus expected inflation
the sum of actual inflation and the real interest rate (I put this one and it said wrong)
set with no consideration of expected inflation
always less than the real interest rate
the advertised rate, unadjusted for inflation

please no links i will report them

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