The price of money is a function of the prices of all other goods and services in the economy.

Many
economists proxy the price of money using the inverse of an aggregated price index. All else being
equal, a higher price level implies a lower price of money; a lower price level implies a higher price
of money

Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a

borrower for the use of assets. Interest rates are typically noted on an annual basis, known as the
annual percentage rate

In mathematics, axiomatization is the formulation of a system of statements (i.e. axioms) that relate
a number of primitive terms in order that a consistent body of propositions may be derived
deductively from these statements. Thereafter, the proof of any proposition should be, in principle,
traceable back to these axioms.