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Why are longer-term bonds more sensitive to changes in interest rates than shorter-term bonds?
Federal Trade Commission
A U.S. federal agency responsible for the enforcement of antitrust and consumer protection laws.
Deceptive
Intended to mislead or trick, causing someone to believe something that is not true.
Credit Report
A detailed report of an individual's credit history prepared by a credit bureau and used by lenders to determine creditworthiness.
Prequalification Offer
An initial offer made based on a preliminary assessment of the recipient's qualifications, often used in loan or credit applications.
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