Examlex
If you borrow $2,000 from a bank for one year at a stated annual interest rate of 14 percent,but interest is prepaid (a discounted loan) ,then what is your effective annual rate?
Real GDP
Gross Domestic Product adjusted for inflation, which measures the value of goods and services produced by a country in a year in real terms.
Standard of Living
The measure of affluence, luxury, tangible assets, and vital provisions offered to a chosen demographic or geographical zone.
1965 Ford Mustang
A model of car produced by Ford, marking the first year of production for the Mustang, one of the most iconic American sports cars.
Inflation Rate
A measure of how quickly the average cost of goods and services escalates, reducing the value of money to buy these over time.
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