Glossary · Macro · Money and banking
Nominal interest rate
The interest rate as quoted, before adjusting for inflation. It is the price of holding money, set in the money market, and it is what you see on a loan agreement.
Related terms
More from money and banking
Definitions are the start
See the term used, not just defined.
The full course teaches every term in context, with worked examples, interactive graphs and practice questions that remember what you get wrong.