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Genetics problem: Mom is a carrier of red-green color blindness and Dad is red-green color-blind. What is the chance that their son will be color-blind?
Nominal Rate
The interest rate before adjustments for inflation. It is the rate that is quoted by banks and other financial institutions for savings accounts, loans, and mortgages.
Inflation
A general increase in prices across an economy, leading to a decrease in the purchasing power of money.
Purchasing Power
The purchasing power of a currency, measured by the quantity of goods or services a single unit can acquire.
Longest Expansion
A period characterized by sustained economic growth and expansion, often measured by GDP growth, without a recession.
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