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Many species of animals are common resources, and many must be protected by law to keep them from extinction. Why is the cow not one of these endangered species even though there is such a high demand for beef?
Forward Rate
The predetermined interest rate for a future financial transaction, agreed upon today.
Short Rate
A one-period interest rate.
Term Structure
The arrangement or relationship between interest rates and the time to maturity of debt securities.
Interest Rates
The cost of borrowing money or the return on an investment, usually expressed as a percentage per annum.
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