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What is the purpose of interest?
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Dec 3, 2023
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What is the purpose of interest?
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high-school
Rigi
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Interest is a key mechanism to ensure that resources are properly allocated within an economy. There are lots of uses to which money can be put: consuming goods, building highways, constructing a new factory, investing to develop a new drug, etc.
Lzzluca
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Dec 7, 2023
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