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What happens when a bank charges discount interest on a loan?
When a bank charges reduction in interest on a loan the required interest payment is subtracted from the loan proceeds at the time the loan is made. This makes the efficient interest rate greater than the stated rate.
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explain in detail the primary function of taxation in relation to public fianace
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Suppose that Harry and Steven make their living selling contraband at opposite ends of a town that is 1 mile long. Because it's a crowded city, the citizens use taxi-cabs for trans
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