Examlex
Which of the following statements are correct regarding child abuse reporting?
Obligations
Duties or responsibilities imposed legally or socially, requiring a person or entity to act or refrain from acting in a certain manner.
Compounded Monthly
Interest on a loan or investment calculated each month and added to the balance, so future interest accrues on a larger total.
Savings
Money set aside for future use rather than spending immediately.
Lump Sum
A single payment made at a particular time, as opposed to several smaller payments.
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