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Chapter 9 Saving, Investment, and Interest Rates
Chapter 9 Saving, Investment, and Interest Rates

... A) There are many types of borrowers in credit markets: businesses who wish to launch new projects, households who wish to finance home purchase or new cars, governments whose budgets are in deficit. The interest rate is not the same for all borrowers, and different interest rates are paid on differ ...
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... Answer: The borrower of the money sells a government security to the lender along with an agreement to repurchase it at a future time at a predetermined higher price that is based on the repo rate. Thus the lender of the money owns the security until the money is paid back with interest, so the secu ...
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CHAPTER 7
CHAPTER 7

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Interest



Interest is money paid by a borrower to a lender for a credit or a similar liability. Important examples are bond yields, interest paid for bank loans, and returns on savings. Interest differs from profit in that it is paid to a lender, whereas profit is paid to an owner. In economics, the various forms of credit are also referred to as loanable funds.When money is borrowed, interest is typically calculated as a percentage of the principal, the amount owed to the lender. The percentage of the principal that is paid over a certain period of time (typically a year) is called the interest rate. Interest rates are market prices which are determined by supply and demand. They are generally positive because loanable funds are scarce.Interest is often compounded, which means that interest is earned on prior interest in addition to the principal. The total amount of debt grows exponentially, and its mathematical study led to the discovery of the number e. In practice, interest is most often calculated on a daily, monthly, or yearly basis, and its impact is influenced greatly by its compounding rate.
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