Examlex
Which of the following is a measure of central tendency?
Interest Rate
The percentage at which interest is paid by a borrower for the use of money, or the amount a lender charges for the borrowing of money.
Contract Rate
The agreed-upon interest rate specified in a loan or bond agreement.
Market Rate
The current price at which an asset or service can be bought or sold in a given market.
Quoted
The stated price or rate for a financial instrument or commodity in the marketplace.
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