Banks advertise
A)the real interest rate,which is how fast the dollar value of savings grows.
B)the real interest rate,which is how fast the purchasing power of savings grows.
C)the nominal interest rate,which is how fast the dollar value of savings grows.
D)the nominal interest rate,which is how fast the purchasing power of savings grows.

Question

Quizplus · Accepted Answer

Banks typically advertise the nominal interest rate, which indicates how fast the dollar value of savings grows, without adjusting for inflation.

Banks Advertise