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Interest Rate Introduction Homework and Assignment Help Team
The interest rate is one of the most important concepts of economics. It is an amount that is charged by a lender to a borrower for lending his asset. The interest rate is expressed as a percentage. In micro economics, we come across different concepts on interest rate like annual percentage rate, lease rate etc. On the other hand several interest rate concepts like repo rate, reverse repo rate in macro economics are also quite commonly used.
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