Examlex
Which of the following contributed to the economic crisis of 1789 in France?
GICs
In Canada, Guaranteed Investment Certificates represent an investment option guaranteeing a fixed return rate over a certain time frame.
Annually
Happening annually or pertaining to a timeframe of one year.
Effective Interest Rate
The actual interest rate that a borrower pays or earns on a loan or investment, taking into account the effect of compounding.
Compounded Options
A financial derivative instrument that contains an option that itself has a feature making its payoff at least partially dependent on the future level of interest rates.
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