Examlex
Which of the following can be used to decrease banking system reserves?
Inflation Rate
The speed at which the overall price level for products and services increases, diminishing the buying power.
Hourly Rate
The amount of money paid or charged for one hour of labor or service.
Compounded Semi-annually
The process of calculating interest on the principal balance and previously earned interest every six months.
GIC
A finance option available in Canada, the Guaranteed Investment Certificate provides investors with a secured rate of return over an established time period.
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