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difficult terms for review.
what is interest? | It is the compensation for the time value of money |
Long term interest rate are _____ that short term interest rates | higher |
Short term interest rates tend to be more sensitive to _____ policies that long term interest rates | Federal policies |
what is simple interest? | It is the interest paid or received on the initial investment |
The initial amount invested or loaned is known as _____ | The principle |
what is compound interest? | Increase in value over time due to interest on both the principal amount and on any interest earned up to that point in time. |
what is interest?
Long term interest rate are _____ that short term interest rates
Short term interest rates tend to be more sensitive to _____ policies that long term interest rates
what is simple interest?
The initial amount invested or loaned is known as _____
what is compound interest?