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Native grasslands of North America,influenced by declining precipitation from east to west,consist of three main types distinguished by the ________ of the dominant species.
Unsecured Bond
A bond not backed by specific collateral, relying solely on the issuer's creditworthiness for investor confidence.
Market Rate
The prevailing interest rate available in the marketplace for loans, deposits, and investments, often influenced by central bank rates and economic conditions.
Contract Rate
The agreed upon rate of interest to be paid on a loan or financial transaction as outlined in a contract.
Premium
The amount by which the cost of a financial instrument or insurance policy exceeds its face value or principal.
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