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What, more than shared religion, bound people of the Middle Colonies?
Market Rate
The prevailing interest rate or cost of borrowing for securities in the open market, often influenced by supply and demand.
Face Value
The nominal value printed on a bond or security, representing the amount due at maturity.
Stated Interest Rate
The annual interest rate declared on a financial instrument, such as a loan or bond, not necessarily reflecting fees or compounding.
Market Rate
The prevailing interest rate available in the marketplace on investments, loans, and deposits, determined by supply and demand factors.
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