Examlex
Which business application is a satellite-based navigation system providing extremely accurate position, time, and speed information?
Institutions
Structures and mechanisms of social order governing the behavior of a set of individuals within a given community, such as legal codes, money, and schools.
Economists
Professionals who study, develop, and apply theories and concepts from economics to analyze how societies utilize scarce resources to produce valuable commodities and distribute them among different people.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the principal amount.
Loan
A sum of money borrowed that is expected to be paid back with interest.
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