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what is Nominal interest!!!!

Oswin

06-09-2007 17:27

Messages: 9
Country: USA
City: Tallahassee

what is Nominal interest? can you give me a details regarding this interest...

Re: what is Nominal interest!!!!

Wesley

06-09-2007 17:32

Messages: 6
Country: USA
City: Des Moines

Hi well,
A Nominal Interest rate is the interest rate, which does not give back for inflation. This rate is used in relative to the efficient interest rate or to the real interest rate.

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