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E-learning can be less expensive than traditional instruction,depending on the number of students.However,if only a few students are to be served,e-learning can be very expensive because of the high ________ costs.
Nominal Rate of Interest
The rate of interest before adjusting for inflation, reflecting the rate at which money grows over time.
Purchasing Power
A measure of the amount of goods or services that one unit of currency can buy.
Inflation Rate
The annual percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Probability Distribution
A statistical method charting all conceivable values and odds for a random variable over an agreed-upon range.
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