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- The amount which from the transaction entered by the person who borrows money called the debtor or maker and the person who lends money called creditor or lender.What is the effect of continuous increase in savings on loanable funds market?Lista the factors that affect the supply side of the loanable funds market. which factors shifts the curve?
- Bobby took out a single loan for $500 and paid a $50 fee. His loan is due in 1 week. Find the effective interest rate on the loan Bobby took out. Round the answer to one decimal place.Why is it important to begin saving for the future at a young age? to make it so you can blow all your cash when you turn 50 to make it really stressful to save for the future to take advantage of the time value of money to ensure that you have a poverty-stricken retirementWhat does the interest rate measure?