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When People from Dominica, Haiti, or Cuba Come to the United

question 15

Multiple Choice

When people from Dominica, Haiti, or Cuba come to the United States, they often find that their __________ has changed.


Definitions:

Effective Rate

The actual interest rate on a loan or investment, taking into account the effects of compounding and other factors.

Face Rate

The interest rate stated on the face of a bond or a loan document, which determines the interest payments that the issuer will make.

Contract Rate

This refers to the interest rate stated in a contract that determines the amount of interest owed on a loan or financial agreement.

Stated Rate

The interest rate expressed in the terms of a loan or investment agreement, not necessarily reflecting the actual yield.

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