Examlex
Speciation cannot occur without geographic isolation.
Default
The failure to promptly pay interest or principal when due, which can occur in regard to debts like loans or securities.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan.
Exchange Rate
The equivalent value of one currency in another currency.
Open-Economy Macroeconomic Model
A model that analyzes an economy that is engaged in international trade, focusing on the interactions with the rest of the world.
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