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Suppose the Congress and president decreased the maximum annual contributions limits to retirement accounts and at the same time reduced the budget deficit.What would happen to the interest rate?
Carrying Amount
The value of an asset or liability according to a company's financial statements, minus any depreciation or amortization.
Face Value
The face or monetary value displayed on a financial document like a bond or stock certificate, indicating its official worth.
Premium
An amount paid in addition to the standard cost or value, often for insurance, bonds, or the higher quality of a product or service.
Interest Rate
The fee, represented as a proportion of the principal, imposed by a lender on a borrower for utilizing assets.
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