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Effective Usury Laws
Regulations that set maximum interest rates on loans to protect consumers from excessively high costs.
Loanable Funds
The money available for borrowing in the financial markets, often coming from savings and influenced by interest rates.
Real Rate of Interest
The interest rate adjusted for inflation, reflecting the true cost of borrowing money and the real yield for savers.
Nominal Rate of Interest
The stated interest rate of a bond or loan without adjusting for inflation, representing the actual percentage that borrowers pay to lenders.
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