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The Fed accidentally discovered open market operations in the early
Original Principal
The initial amount of money borrowed or invested, before any interest or profit is added.
Compounded Annually
Interest calculated on the initial principal and the accumulated interest from the past year added together once per year.
Term Deposit
A type of bank deposit that has a fixed term and typically offers a higher interest rate than a regular savings account.
Interest Rate
The percentage of a sum of money charged for its use.
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