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The scarcity of resources and the competition for control exist among the different formal organizations.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, commonly expressed as an annual percentage of the loan outstanding.
Missing Value
A term used in statistics and data analysis for a data point that is not recorded or is unknown.
Term Deposit
A type of bank deposit that has a fixed term and typically offers a higher interest rate than a regular savings account, where withdrawing funds before the term ends may result in penalties.
Interest Rate
The percentage at which interest is charged or paid on borrowed or lent money over a specific period.
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