Before 1960, Approximately 95 Per Cent of All Immigrants to Canada

question 38

True/False

Before 1960, approximately 95 per cent of all immigrants to Canada came from Europe and the United States; this figure has changed little in the twenty-first century.

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Definitions:

Annual Rate

The interest rate over a year's time, often used in financial contexts to describe the yield of an investment or the cost of a loan.

Debt Payments

Money that is paid back to reduce or settle the amount borrowed, including both the principal and the interest.

Single Payment

A one-time transaction to settle a liability or complete a purchase.

Interest Annually

Interest annually refers to interest that is calculated and added to the principal balance once per year.