Examlex
Which of the following statements accurately describes the second major wave of immigration into the United States?
Simple Interest
Interest calculated only on the original amount of money borrowed or invested, without compounding.
GIC
A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, typically issued by banks or trust companies.
Maturity Value
The amount payable to the investor at the end of a security's maturity period; this includes the principal plus interest.
Treasury Bill
Short-term government securities issued at a discount from the face value and mature in a year or less, representing a secure investment.
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