Examlex
Which of the following statements is correct?
Interest Rates
The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal.
Equilibrium GDP
The level of Gross Domestic Product where the total output of an economy equals the total demand.
Open Market
An economic system in which buying and selling of goods and services are conducted freely with minimal government intervention.
Government Bonds
Securities issued by a government to finance its expenditures, repaid over a period.
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