The distinction between real and nominal rates of interest is understood by
A)most public policy makers.
B)the majority of the American population.
C)a majority of legislators.
D)relatively few Americans.

Question

Quizplus · Accepted Answer

The distinction between real and nominal rates of interest is a relatively technical concept and not well understood by most Americans. Therefore, relatively few Americans understand this distinction.

The Distinction Between Real and Nominal Rates of Interest Is