Examlex
Which of the following is NOT an ad hoc report?
Deposit
Funds placed into a financial institution for safekeeping, often to accrue interest over time; could also refer to a payment made in advance as a commitment or partial payment.
Retirement Savings Plan (RSP)
A financial arrangement designed to help individuals save for their retirement.
Investments
Financial assets purchased with the expectation that they will generate income and/or appreciate in the future.
Compounded Annually
Calculating interest on the initial principal, which includes any accumulated interest from previous periods, once per year.
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