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The Soviet Union's experience with price controls demonstrated that, with careful planning, shortages and surpluses were a rare event.
Undertake
To commit oneself to and begin (an enterprise or responsibility); to take on.
APR
Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment.
Compounded Daily
A method where interest is calculated and added to the account balance every day, leading to higher yields over time.
Loan
Borrowed money that is typically repaid with interest.
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