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The Real Rate of Interest Is Defined as

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The real rate of interest is defined as


Definitions:

Canadian Dollar

The official currency of Canada, often symbolized as CAD or simply $ when discussing Canadian funds.

U.S. Dollar

The recognized money of the United States, extensively utilized as a standard and reserve currency globally.

Currency Depreciation

A decrease in the value of one currency relative to another currency in the foreign exchange market.

Foreign Exchange Market

A global trading space for the exchange of different countries' currencies.

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