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Start learning 50% faster. Sign in nowLet us assume expenditure and savings of Rahul is 3p and 4p respectively 3p + 4p = 56000 7p = 56000 p = 56000/7 = 8000 The expenditure of Rahul = 3p = (3 × 8000) = 24000
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A security that repackages individual fixed-income assets into a product that can be chopped into pieces and then sold on the secondary market is called
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