Implicit Interest Involves the Process of Crediting the Interest Payment

question 79

True/False

Implicit interest involves the process of crediting the interest payment directly to a deposit account as opposed to sending an explicit interest check to the customer.

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Definitions:

Food Critics

Professionals who evaluate the quality, taste, and presentation of food served in restaurants and write reviews.

Disguises

The act or art of concealing the identity or appearance of an individual or object to mislead or deceive.

Compact Discs

Optical storage media used for recording, storing, and playing back audio, video, and data in digital form.

LP Records

Long-playing vinyl records, a medium for storing and listening to music, typically played at 33 1/3 revolutions per minute.