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Dear Money
What does it mean?
A situation in which money or loans are very difficult to obtain in a given country. If you do have the opportunity to secure a loan, then interest rates are usually extremely high.
In Other Words...
Businesses may have a tough time raising capital during a period of dear money. This situation can be a result of a restricted money supply, causing interest rates to be pushed up due to the forces of supply and demand.
Also known as "tight money."
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Related Terms
Interest Rates | Loan | Money Supply | Tight Money
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