Examlex
Which of the following is not a likely module of an Enterprise Reporting System (ERP) ?
Interest Rate
The percentage of a borrowed sum that the lender charges as interest to the borrower, usually specified as an annual percentage of the total loan amount.
Loanable Funds
The money available for borrowing in the financial markets, determined by the savings of individuals and institutions and the willingness to lend.
Interest Rate
The percentage at which interest is charged or paid on a sum of money over a period of time.
Loanable Funds
This refers to the total amount of funds available for borrowing in the financial markets, determined by the saving rate and investment demands.
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