The nominal interest rate will equals 6% if the required real interest rate is 4 percent and expected inflation area is 2 percent,
What is a Nominal interest rate?
It means the sum of the real interest rate that will be earned by the lenders and the expected rate of inflation on such loan.
Nominal interest rate = Real interest rate + Expected rate of inflation
Nominal interest rate = 4% + 2%
Nominal interest rate = 6%
Therefore, the Nominal interest rate equals 6%.
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