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What causes nearsightedness, farsightedness, and astigmatism?
Interest Rate
The cost of borrowing money expressed as a percentage of the total amount loaned, paid by the borrower for the use of funds.
Equilibrium Interest
The interest rate at which the quantity of loanable funds demanded equals the quantity supplied, balancing savings and borrowing.
Loanable Funds
The money available for borrowing in the financial markets, influenced by interest rates and economic conditions.
Useful Life
The period during which an asset is expected to be usable for its intended purpose.
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