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Explain why Canada had mainly budget deficits between 1970s and 1990s.
Book Value
The net value of a company's assets minus its liabilities, indicating the total value of the company’s equity as recorded in the financial statements.
Effective-interest Method
An accounting practice for amortizing the discount or premium on bonds or loans in a way that reflects a constant interest rate over the period.
Book Value
The net value of a company's assets minus its liabilities and intangible assets, often used to assess the company's worth.
Bond Liability
A financial obligation representing money owed by an issuer to the holder of the bond, to be repaid at a future date, along with periodic interest payments.
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