Examlex
Which of the following is not an advantage of using a private employment agency?
Quarterly Compounded
Quarterly compounded means that interest is calculated and added to the principal sum every quarter (three months), leading to growth in the investment or loan amount.
GIC
A financial product in Canada known as a Guaranteed Investment Certificate that promises a specific return rate for a predetermined time frame.
Compounded Semiannually
Compounded semiannually refers to the process of calculating interest on a principal sum where the interest is added to the principal twice a year, causing it to grow at an accelerated rate.
Strip Bond
A debt security that pays no interest and is sold at a discount from its face value, with the investor receiving the bond's face value at maturity.
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