Examlex
Suppose there is a shortage in the market for loanable funds. Is the interest rate above or below its equilibrium level? How do desired saving and desired investment at this interest rate compare?
365-Day Year
A convention used in interest calculations assuming a full year consists of 365 days.
Total Amount
The complete sum or aggregate of quantities, such as the final amount due for payment or the sum total of assets.
Simple Interest
Interest calculated only on the initial amount of money deposited or loaned, not on any interest accrued over time.
Ordinary Interest
Interest calculated based on a 360-day year, often used in banking for loans and savings.
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