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Explain why the interest rate is the opportunity cost of holding currency. What is the benefit of holding currency?
Personal Interests
Individual hobbies, passions, and activities outside one’s professional life that provide personal satisfaction and joy.
Entrepreneurs
Individuals who create, launch, and manage new businesses, often taking on significant financial risks in the hope of profit.
Angel Investor
An affluent individual who provides financial backing for small startups or entrepreneurs, often in exchange for ownership equity.
Venture Capitalist
An investor who provides capital to startup companies and small businesses with long-term growth potential.
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