Question: Considering a nominal rate and an effective rate, which rate will be a higher number when there are several periods such as months in a

Considering a nominal rate and an effective rate, which rate will be a higher number when there are several periods
such as months in a year?
Effective rate will be higher.
Nominal rate will be higher.
Nominal rate and effective rate will be equal.
It will fluctuate depending on other factors.
Considering a nominal rate and an effective rate, which rate will

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