List the Three Categories of SSIs

question 13

Short Answer

List the three categories of SSIs.

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Definitions:

Simple Interest

Interest calculated only on the initial amount of money deposited or borrowed, without compounding.

Treasury Bills

Promissory notes issued (at a discount to face value) by the federal government or a provincial government to borrow money for a short term.

Auction

A public sale where goods or property are sold to the highest bidder.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate.