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Which of the following is true of remote data storage?
GICs
Guaranteed Investment Certificates, a type of Canadian investment that offers a fixed return rate over a predetermined period.
Simple Interest
Interest determined exclusively on the original amount, or on the remaining amount of the principal that is not yet paid.
Financial Position
A snapshot of what a company owns and owes at a specific point in time, encompassing assets, liabilities, and equity.
Promissory Note
A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
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