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Figure 13-1
-In Figure 13-1, which panel shows the effect of a recession on the interest rate?
Due Date
The due date is the specified day when a payment, task, or submission is required to be completed or paid.
Remittance
The act of sending money in payment or as a gift.
Discount Period
The time frame during which a payment can be made with a discount for early payment or the period before a financial instrument's maturity.
Discount Date
The date on which a discount becomes available or when an invoice must be paid to receive a discount.
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