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Perform the operation and write the result in standard form.
Relaxed Policy
A financial strategy or policy that is less strict or rigid, often implying a more liberal approach to lending, investing, or managing assets.
Trade Credit
The arrangement between businesses to buy goods or services on account, paying the supplier at a later date.
Effective Annual Cost
Effective Annual Cost denotes the total cost of financing on a yearly basis, incorporating fees and interest rates to reflect the true annual cost of borrowing.
Sole Supplier
A single source from which a company purchases goods or services, often leading to increased negotiation power for the supplier but potential risks for the buyer.
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