=+paid on loans of only three months duration was slightly under 2 percent. (An annualized interest rate

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=+paid on loans of only three months’ duration was slightly under 2 percent. (An annualized interest rate of 2 percent on a three-month loan means that if you borrow a dollar, you repay at the end of three months.) Typically,

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Oct 02, 2024 03:02 AM

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=+paid on loans of only three months duration was slightly under 2 percent. (An annualized interest rate

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International Economics

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