Examlex
Perception of stationary objects as remaining in the same place, even though the retinal image moves about
as we move our eyes, head, and body, is called motion parallax.
Interest Rate
The percentage of an amount of money charged by a lender to a borrower for the use of assets.
Effective Interest Rate
A measure of the real cost of borrowing that takes into account the effect of compounding interest in addition to the nominal rate.
Compensating Balance
Compensating Balance is a minimum bank account balance that a borrower must maintain as part of a loan agreement, often used by banks as a requirement for extending a loan.
Interest Rate
The percentage of principal charged by the lender for the use of its money or the return earned on deposited funds.
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