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The one rate that truly represents the interest earned in a year is the annual effective yield. (or effective annual interest rate). True False Market
The one rate that truly represents the interest earned in a year is the annual effective yield. (or effective annual interest rate).
True
False
Market interest rates are supposed to reflect any anticipated changes in earning power as well as purchasing power in the economy.
True
False
When you pay cash for a car, you lose the opportunity to earn interest on the money you spend.
True
False
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