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Updates & Extras
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Applying the Concept: Using Debt to Smooth Consumption (107.0K)

An application to show how debt can be used to make people better off. For use at the end of the chapter. It also uses material from Chapter 5 on risk (standard deviation and variance.

The History of Government Bonds (83.0K)

Enrichment material for those who want to more than what is in the chapter introduction.








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