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Westpac charges an 11 per cent interest rate on all new car loans. If the inflation rate is 6 per cent, Westpac receives a real interest rate of
Taboo
A social or cultural prohibition on certain behaviors, discussions, or practices, often considered morally unacceptable or offensive.
Moral Holiday
A concept where norms and morals are temporarily relaxed, allowing for behaviors that are typically discouraged or penalized.
Mores
The customs, norms, and behaviors that are considered morally significant or obligatory in a particular society, guiding moral and ethical conduct.
Sanction
Actions that are taken to enforce rules, consisting of penalties for noncompliance or incentives for compliance.
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