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In the three-tier architecture, the application, database, and ________ layers are separated into independent operating units.
Interest Rate
A financial term denoting the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Equilibrium Interest Rate
The interest rate at which the demand for loanable funds equals the supply of loanable funds, balancing savings and investment in the economy.
Total Spending
The sum of all expenditures made by consumers, businesses, and the government within an economy over a specific period.
Riskier Loans
Loans that carry a higher chance of default compared to standard loans, often resulting in higher interest rates to compensate for the increased risk.
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