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EPFO 2015 English Medium Solved Paper
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© examsnet.com
Question : 31
Total: 120
The term "Dear Money’ refers to
Low rate of interest on housing loans
Value of money at the recession stage
High rate of interest
Savings gained due to decrease in rate of interest on housing loans
Validate
Solution:
Dear money refers to money that is hard to obtain because of abnormally high rate of interest. Dear money is often referred to as tight money because it occurs in periods when central banks are tightening monetary policy. So, option (c) is correct.
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