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Merlin and Kay are both 69 years old and married. Compared with Karin and Rick, who are 37 years old and married, Merlin and Kay probably experience which of the following?
Government Bond
A debt security issued by a government to support government spending, often considered a low-risk investment.
Market Rate
The prevailing interest rate available in the marketplace for loans or deposits of a specific maturity.
Interest
The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
Reserve Ratio
The fraction of depositors' balances that banks must have on hand as cash, determined by the central bank to control money supply.
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