Examlex
Kwang-chih Chang has linked the development of civilization in China to:
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.
Usury Laws
Legislation that sets maximum interest rates that can be charged on loans.
Ceiling
A maximum limit imposed by a government or regulatory body, particularly regarding prices or wages.
Present Value
The modern-day valuation of a future monetary sum or stream of cash flows, factoring in a specific rate of return.
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