In which country did nominal interest rates drop slightly below zero percent in 2012?
A)Denmark
B)Germany
C)Ireland
D)Japan
E)United States

Question

Quizplus · Accepted Answer

Denmark was the first country to experience negative nominal interest rates in July 2012. The Danish central bank introduced negative interest rates to discourage investors from hoarding their funds and to stimulate lending and spending in the economy.

In Which Country Did Nominal Interest Rates Drop Slightly Below