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The hippocampus
Interest Rates
The cost of borrowing money or the return on an investment, usually expressed as a percentage per annum.
Yield Curve
A graphical representation of the interest rates on debts for a range of maturities, showing the relationship between interest rates and the term of the debt.
Expectations Theory
A theory suggesting that the interest rates on long-term bonds will reflect expected future short-term rates.
Forward Rates
The interest rates implied by current zero-coupon bond prices for periods in the future.
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