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Use the following to answer question:
-(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.A(n) _____ in the price of potatoes would rotate the budget line,changing the intercept on the _____ axis and moving it _____ the origin.
360-Day Year
A conventional method in finance where the year is assumed to have 360 days for simplifying interest rate calculations, commonly used in commercial lending.
Exact Simple Interest
Interest calculated based on the actual number of days in the loan period divided by the exact number of days in a year, typically 365 or 366.
365-Day Year
A conventional method used in finance that assumes all years have 365 days for the purpose of interest calculation.
Exact Simple Interest
Interest calculated precisely on the principal amount, without compounding, for a specific time period.
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