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When you are considering two different loans of the same length for the same amount of money borrowed, what is the most important characteristic of
- When you are considering two different loans of the same length for the same amount of money borrowed, what is the most important characteristic of the loans? a) The EAR (effective annual rate) b) The rate of compounding c) The nominal rate of interest d) The inflation rate.
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
