Match the Following Terms with Their Meanings

question 50

Short Answer

Match the following terms with their meanings.
-Column 1: civilianization
Column 2: use of non-sworn individuals to reduce costs

---

Definitions:

Effective Rate of Return

The actual annual interest earned or paid on an investment or loan, considering the effect of compounding.

RRSP

Registered Retirement Savings Plan, a Canadian financial retirement savings tool for individuals to hold investment assets and savings tax-deferred until withdrawal.

Contributions

Payments or services provided to a common fund or collection.

Semi-annually Compounded

A method of calculating interest where the interest is added to the principal amount twice a year, leading to growth at an exponential rate.