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Which of the following best defines conformity?
Interest
The charge for borrowing money, typically expressed as an annual percentage rate, or the income earned from lending funds.
Lump Sum
An individual payment executed at a designated time instead of divided payments or installments.
Down Payment
An initial payment made when purchasing an item on credit, typically a percentage of the purchase price.
Savings
Money set aside from income for future use, typically held in secure or low-risk savings accounts or investment products to preserve or grow wealth.
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