The payment of interest not only on the original deposit, but on all previously accumulated interest is called:
A) the real interest rate.
B) the nominal interest rate.
C) compound interest.
D) simple interest.
Correct Answer:
Verified
Q2: Compared to the level of real GDP
Q3: If real GDP per person were equal
Q4: Bank C promises to pay a compound
Q5: Small differences in annual growth rates of
Q6: Bank C promises to pay a compound
Q8: Growth in real GDP per capita has:
A)been
Q9: Suppose when you are 21 years old,
Q10: Over the period from 1870 to 2010,
Q11: Compound interest is:
A)the payment of interest on
Q12: The rise in average living standards experienced
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