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Describe the key provisions of the SAFE Port Act.
Interest Rate
The percentage charged on borrowed money, paid by the borrower to the lender, or earned through deposit or investment, typically expressed on an annual basis.
Loanable Funds
The supply of capital available for borrowing, influenced by interest rates and financial markets, which facilitates investments and purchases.
National Saving
The total amount saved by a country's economy, calculated as the sum of private and public savings, often representing the difference between national income and consumption.
Closed Economy
An economic system that does not interact with other economies in terms of trade, investment, or migration.
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