Examlex
Which one of the following statements is NOT true of simulations as a training technique?
GICs
A kind of investment in Canada known as Guaranteed Investment Certificates that provide a promised return rate for a specified duration.
Nominal Annual Rates
The stated annual interest rate of a loan or investment, not accounting for compounding within the year.
Compounded Semiannually
The process where interest is calculated and added to the principal sum of a loan or deposit twice a year, leading to interest on interest.
Compounded Quarterly
The calculation of interest where the interest is added to the principal every quarter, thus the total amount of interest earned increases each quarter.
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