Question: What is the difference between the nominal interest rate on a loan and the real interest rate? Group of answer choices There is no difference

What is the difference between the nominal interest rate on a loan and the real interest rate?

Group of answer choices

There is no difference between nominal interest rates and real interest rates.

Nominal interest rates do not adjust for prices; real interest rates adjust for prices.

There is no correct answer.

Nominal interest rates adjust for prices; real interest rates do not adjust for prices.

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