While It's Invested,money Grows by Earning Interest or Yielding Some

question 92

Multiple Choice

While it's invested,money grows by earning interest or yielding some other form of return.What is this known as?

• A) compound growth
• B) dividend
• C) capital gains
• D) security
• E) diversity

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Definitions:

Note Receivable

A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used as a financial and administrative period for many purposes.