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RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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A non-profit, volunteer organisation, advocating to advance the interests ...
11 Feb 2020
DOC
93KB
A non-profit, volunteer organisation, advocating to advance the interests of consumers in Queensland. ... For example, the ability to use a charge-back facility, interest rates, number of interest free days, rewards points, free insurance, cash-backs,
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC