Which of the Following Multiplicities Indicates a Minimum of 0

question 71

Multiple Choice

Which of the following multiplicities indicates a minimum of 0 and a maximum of 1?

• A) 1..0
• B) 0..1
• C) 1 ∙ 0
• D) 1:M
• E) 1:1

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Definitions:

Nominal Interest Rate

The interest rate as stated on a loan or financial product, not taking into account inflation or fees.

Annual Compounding

The method of accruing interest on the main amount of a deposit or loan annually.

Semi-annual Compounding

The process of calculating interest where the accumulated interest is added to the principal sum twice a year.

GICs

Guaranteed Investment Certificates, fixed-term deposits offered by Canadian banks that guarantee a certain rate of return over a specified period.