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Chapter 8
Consumer
Question | Answer |
---|---|
Bond | A written promise to pay a debit by specified date. |
Certificate of Deposit | A deposit in a savings institution that earns a fixed interest rate for a specified period of time |
Compound Interest | interest paid on the principal and also on previously earned interest, assuming that the interest is left in the account |
Divided | Portion of a company's profits paid to the owners |
Principle (Savings) | Money on deposit |
Simple Interest | Interest made one time per year at the end of the year on the average balance in the savings account |