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Determine about the interest rates
The interest rate may be fixed or floating. If it is fixed, you will pay the same percentage for the entire duration of the loan. With a floating interest rate, the interest rate will change regularly depending on market conditions.
The Interest rate for a specific loan depends on the general level of interest rates as well as the specifics of the loan. Factors such as risk (the probability that the loan will not be repaid), duration of the loan and whether you select a fixed or a floating rate will influence the interest rate.
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Q. Determine price level from the quantity theory of money? The price level The price level is determined from the quantity theory of money: P = (M.V)/Y
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Q. Define Nominal wages? The nominal wage is wage per unit of time in the currency used in the country- what we usually just call wage. When we mention wage in macroeconomics w
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