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Figure 17.1
Using the figure above, identify the labeled structure(s) in each of the following questions.
-Identify the structure(s) indicated by Label M.
Interest Rates
The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, typically over a one-year period.
Existing Loans
Financial obligations that are currently outstanding and have not yet been repaid.
Bank Loan
A sum of money lent by a bank to a borrower at interest, to be repaid over a specified period along with the interest.
Denomination Time Deposits
Time deposits in banks that have a fixed term and are denominated in specific amounts of money.
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