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Puerto Ricans first came under American rule by conquest.
Discount Rate
The interest rate charged to commercial banks and other financial institutions for loans received from a country's central bank.
Actual Interest Rate
The actual rate of interest earned or paid on an investment or loan, considering compounding and other factors, as opposed to the nominal rate.
Non-Interest-Bearing Note
A type of debt instrument that does not pay interest to the holder, instead being issued at a discount to its redemption value.
Discount Rate
The interest rate used to discount future cash flows to their present value; often reflects the risk-free interest rate.
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