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Rachel and John are on vacation in Hawaii.When they arrived at the hotel,they were offered chilled juice.Their check-in formalities were handled by the staff.When they entered their room,they saw that chocolates had been placed on the pillows and a flower arrangement on the table.The hotel's actions are an example of ________.
Market Interest Rate
The prevailing rate of interest charged on loans and bonds in the financial markets.
Incremental Borrowing Rate
This is the interest rate a company would have to pay if it borrows additional funds.
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