Examlex
Which one of the following methods is NOT a banking service that can be delivered remotely?
RRSP
A registered retirement savings plan, a tax-advantaged account designed to help Canadians save for retirement.
Compounded
The process by which interest is earned on both the initial principal and the interest that has been added to it, thus "compounding" the amount.
Monthly
Occurring or done once a month.
Compounded Annually
Interest calculation method where interest is added to the principal once a year, allowing the total sum to grow at an annual rate.
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