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Which statement best defines the nominal interest rate? a.It is the interest rate corrected for inflation.b.It is the real rate of return to the lender.c.It

Which statement best defines the nominal interest rate?

a.It is the interest rate corrected for inflation.b.It is the real rate of return to the lender.c.It is the interest rate as usually reported by banks.d.It is the real cost of borrowing to the borrower.

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