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<strong>Accrued interest</strong> – Each day interest is calculated on the unpaid principal balance of a loan and increases (accrues). Interest accrues on a subsidized Stafford Loan after the grace period is completed and the borrower enters repayment. For unsubsidized Stafford, parent PLUS, and Grad PLUS Loans, on the other hand, interest begins to accrue after the first disbursement of the loan.
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Fisher equation of exchange (E5)<br />A famous statement of the QUANTITY THEORY oF MONEY as MV = PT. M is the stock of money, P the general price level, V the velocity of circulation and T the volume of transactions.
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regular economy (DO, PO)<br />An ECONOMY with a typical set of equilibrium prices linked to characteristic data.
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