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Why are real interest rates more important than nominal interest rates with regard to analyzing the supply and demand of loanable funds?
Standard Normal Random Variable
A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparison in statistics.
z
In statistics, often refers to a z-score, which measures the number of standard deviations a data point is from the mean of a distribution.
Standard Normal Random Variable
A random variable with a mean of zero and a standard deviation of one, following a normal distribution.
Probability
A numeric scale between 0 and 1 that quantifies how likely an event is to take place.
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