Examlex
The hydrologic cycle is a three step process over the ocean. Which list below has these steps in the correct order?
Rate
The percentage at which interest is charged on a loan or earned on an investment.
Term Deposit
A banking product where money is locked away for a certain period of time at a fixed interest rate.
Maturity
The time at which a financial instrument, investment, or insurance policy reaches its final value and the principal is repaid or returned.
Interest
The price paid for the opportunity to use borrowed finances, generally expressed through an annual percentage.
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