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Which of the Following Is True According to the National

question 62

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Which of the following is true according to the National Health and Social Life Survey (NHSLS) ?


Definitions:

Interest Rate

The percentage of a loan or savings amount that is charged as interest to the borrower or paid to the investor, typically expressed on an annual basis.

Annual Rate

The interest rate for a period of one year, often used for comparing the yields of financial products.

Deposits

Funds placed into an account at a financial institution for safekeeping or as a pledge for future repayment.

Compounded Semiannually

The process of calculating interest on both the initial principal and the accumulated interest of previous periods on a semiannual basis.

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