Examlex
Suppose the following rates are averages for banks in your area: interest checking accounts pay 1%,savings accounts pay 2%,and one-year certificates of deposit pay 3%.All accounts are federally insured by the FDIC.The difference in rates can be explained mainly by
Price Floor
Price floor is a government or regulatory imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.
Surplus Of Corn
A surplus of corn signifies a situation in which the supply of corn exceeds the demand, potentially leading to lower market prices and stockpiling.
Black Market
An illegal trade of goods or services not sanctioned by official regulations or subjected to governmental taxes.
Illegal Exchanges
Transactions that are prohibited by law, involving goods or services that are not allowed to be traded.
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