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Interest rates are generally impacted by the following four factors: 1) Risk associated with default 2) Demand for money Production Opportunities 3) Inflation of goods
Interest rates are generally impacted by the following four factors:
1) Risk associated with default
2) Demand for money Production Opportunities
3) Inflation of goods and services
4) Time Preference for consumption preference to consume now
Relate the above four factors to the interest rate on a credit card.
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