Which of the following is always equal to the face rate of interest?
A)effective rate
B)yield rate
C)market rate
D)nominal rate

Question

Quizplus · Accepted Answer

The face rate of interest is also known as the nominal rate, which is the stated interest rate on a financial instrument. It is always equal to itself and does not take into account any compounding or other fees. The effective rate, yield rate, and market rate may be different from the nominal rate depending on factors such as compounding frequency and market conditions.

Which of the Following Is Always Equal to the Face