Which one of the following would you expect to be nearly equal across countries?

Question

Quizplus · Accepted Answer

Real interest rates tend to be more similar across countries than nominal interest rates because they are adjusted for inflation. While nominal interest rates, inflation rates, and forward premiums can vary significantly due to country-specific monetary policies and economic conditions, real interest rates reflect the true cost of borrowing after accounting for inflation, leading to a tendency towards convergence among countries with open economies and capital mobility.

Which One of the Following Would You Expect to Be