List the Two Ways of Ensuring the Ruling Class's Privileged

question 22

Short Answer

List the two ways of ensuring the ruling class's privileged access to resources:

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Definitions:

Interest-Bearing Note

A debt instrument that requires the issuer to pay interest to the holder at specified intervals up to the maturity date, when the principal amount is due to be repaid.

Discounting

The process of determining the present value of a payment or series of payments that will be received in the future.

Present Value Interest Factor

A factor used to calculate the present value of a sum that is to be received in the future, accounting for the time value of money.

Non-Interest Bearing Note

A debt instrument that does not pay interest but is issued at a discount to its redemption value.