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    For the definition of aid: "the voluntary transfer of resources from one country to another, or loans given on concessionary terms (i.e. at less than the market rate of interest, or for longer etc.)." What does it mean when it says less than the market rate of interest?
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    Basically aid is given to a country as either free money, or it may be in the form of a loan, so the country will be expected to pay it back, but over a long period of time at a much lower interest rate than the market level,
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    The market rate of interest would be what you'd be expected to pay on a normal loan.

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    cheers guys
 
 
 
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