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Napoleon created a new aristocracy based on
Extends Credit
A financial arrangement where a lender offers a borrower the possibility to purchase goods or services now and pay for them later.
High Debt
Refers to a significant level of liabilities or borrowed funds in relation to assets or equity, which can indicate financial risk.
Increasing Expenses
A situation where the costs of operating a business or undertaking a project are rising.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, illustrating profit or loss.
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