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One of the Problems Facing Many Developing Nations During the 1970s

question 32

Essay

One of the problems facing many developing nations during the 1970s was OPEC's decision to increase the price of ______________.


Definitions:

Operational

Referring to the day-to-day activities, processes, and functionalities of a business or organization.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

Account

An arrangement with a financial institution for the deposit and withdrawal of money.

Double Your Money

A colloquial term referring to an investment strategy or opportunity that aims to increase the initial investment by 100%.

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