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Interest Rate
The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount annually.
Equilibrium Rate
The price or level at which supply and demand in a particular market are equal.
Usury Law
Legislation designed to regulate interest rates by setting a maximum rate that can be charged on loans and credit.
Interest Rate
The cost of borrowing money, expressed as a percentage of the amount loaned, which lenders charge borrowers or the rate earned by depositors.
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