Interest Rate Cap and Floor - Compare

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    The members of a body-politic call it “the state” when it is passive, “the sovereign” when it is active, and a “power” when they compare it with others of its kind. Collectively they use the title “people,” and they refer to one another individually as “citizens” when speaking of their participation in the authority of the sovereign, and as “subjects” when speaking of their subordination to the laws of the state.
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