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The Press Code Came into Operation in 2016

question 17

True/False

The Press Code came into operation in 2016.


Definitions:

Per Month

The term per month is used to describe or quantify an event, action, or measurement over the period of a month.

Compounded Monthly

A method of calculating interest where the interest earned on an investment is reinvested and earns additional interest in subsequent periods on a monthly basis.

Monthly Payments

Regular payments made over a set period of time, such as those for loans or subscriptions, calculated on a monthly basis.

Loan

An amount of money lent that must be repaid along with interest.

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