Which of the Following Financial Instruments Does NOT Apply Simple

question 10

Multiple Choice

Which of the following financial instruments does NOT apply simple interest?

• A)Saving account
• B)Term deposit
• C)Loan between relatives
• D)Annuity

---

Definitions:

Vocabulary Growth

The process of learning and acquiring new words and their meanings, which is crucial for language development and comprehension.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Quantity of Talk

refers to the amount of verbal interaction or speech output, which can influence various aspects of language development and interpersonal relationships.

Satirical

A form of literature or art that uses humor, irony, exaggeration, or ridicule to criticize and expose folly or vice.