In a pawn transaction, the customer gets a short-term loan of about fifty to seventy-five percent of the value of an item.

VOA: special.2011.04.18

So, what we want to do-- this is what Hicks discovered I can do the following transaction to lock in, in 1925, the interest rate between 1926 and 1927.

这就是希克斯所发现的,我可以在1925年进行以下交易,从而确定1926年到1927年的利率

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