Question: When there is only one compounding period per year: Select one: a. the effective is greater than the nominal rate of interest b. the nominal

When there is only one compounding period per year: Select one:

When there is only one compounding period per year: Select one: a. the effective is greater than the nominal rate of interest b. the nominal is greater than the effective rate of interest c. the nominal and effective rates of interest are the same

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