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If the bank posts a nominal interest rate of seven per cent per year and the inflation rate is four per cent per year, then the real interest rate is:
Specified Leasing
A leasing agreement in which the terms, including the lease duration, payment schedule, and type of asset, are explicitly stated.
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Instruments, machines, or related items used in the manufacturing process to produce goods and products.
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Refers to products, technologies, or methods that are out-of-date or no longer in use.
Simple Interest Loan
A loan where interest is calculated only on the principal amount, not on accumulated interest.
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