Identify the core principles that could be used to explain why credit card issuers charge such high rates of interest. Explain why the following statement is true: Money is an asset, but not all assets are money. Identify the four fundamental characteristics that determine the value of a financial instrument.

If a borrower and a lender agree on a long-term loan at a nominal interest rate that is fixed over the duration of the loan, explain how a higher-than-expected rate of inflation will impact the parties, if at all.