Examlex
Who offers low-interest loans to developing nations?
Bank Account
A financial account maintained by a banking institution in which the financial transactions between the bank and a customer are recorded.
Compounded Annually
Interest calculated once per year on the initial principal and the accumulated interest of previous periods.
Savings Account
A savings account is a deposit account held at a financial institution that provides an interest rate to the account holder, offering a safe place to keep money while earning returns.
Interest
The charge for borrowing money or the compensation paid by the borrower to the lender for the use of borrowed funds.
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