Assertion: interest rate | /r/HasProperty | nominal
Facets:
Source sentences:
text: Interest rates can either be nominal or real, though certain terms exist to define specific rates such as the Federal Funds Rate.
text: An interest rate is called nominal if the frequency of compounding (e.g. a month) is not identical to the basic time unit in which the nominal rate is quoted (normally a year).
text: The difference between nominal and real interest rates is that real interest rates are ones that are adjusted for inflation, whereas nominal interest rates are not; the interest rates one typically finds in the paper are nominal interest rates.
text: Interest rates quoted in the markets are nominal, so one typically has to adjust them for inflation.