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The new modernizing policies of the Meiji Restoration included the
Compounded Quarterly
Interest calculation method where the earned interest is added to the principal at the end of each quarter, then new interest is calculated on the new total.
Interest
The cost of borrowing money or the earnings from lending money, paid as a percentage over a period of time.
Account
A record used to keep track of and manage financial transactions within a financial institution, company, or another entity.
Liability
Financial obligations or debts that an individual or organization owes to others, which must be settled over time.
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