This method also does not give exactly the nominal rate, but is generally not too far off.
In finance and commerce, the nominal annual rate may however be the one quoted instead.
This facility is available to students at a very nominal rate.
But their traditional businesses are growing at nominal rates of gross domestic product.
The nominal rate on 10-year notes is about 8.25 percent.
So why doesn't the Fed simply keep nominal rates low?
The committee gave no recommendation on how and when the nominal rates of interest should be revised.
But the highest nominal rate President Bush would accept was 31 percent.
Further small cuts in nominal rates would be welcome but are not enough.
For example, is the nominal rate of interest convertible semiannually.