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IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Hyperinflation,government budget deficit
Exponentiation
A mathematical operation involving two numbers, the base and the exponent, indicating how many times the base is multiplied by itself.
Principle Amount
The original sum of money borrowed in a loan or put into an investment.
Time
A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.
Simple Interest
Interest computed on the original sum of a loan or deposit, not including the effects of compounding throughout the duration.
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