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When conditions are more humid, sweating is a less effective means of regulating body temperature.
Interest Rate
The chunk of a loan taken as interest by the borrower, typically outlined as an annual percentage of the loan's outstanding balance.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to downward pressure on prices.
Loanable Funds
Loanable funds refer to the money available for borrowing in the financial markets, composed of savings from households and businesses plus any government surplus.
Interest Rate
The percentage at which interest is charged or paid on borrowed or saved money, often expressed as an annual percentage rate.
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