Examlex
Which of the following is not included in the narrowest definition of the money supply or M1?
EAR
Effective Annual Rate; the actual interest rate an investor or borrower receives or pays after compounding interest is taken into account over a year.
Actual Rate
The interest rate that is actually earned or paid on an investment, loan, or other financial product.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed.
Credit Card
A plastic card issued by a bank allowing the holder to purchase goods or services on credit.
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