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Which of the following accurately defines impulse products?
Daily Closing Balance
The total amount in an account at the end of each day, taking into account all transactions and activities of that day.
Bank Account
A financial account maintained by a bank or other financial institution in which the financial transactions between a customer and the bank are recorded.
Discounted
A reduction applied to the price of goods, services, or securities, or the process of calculating the present value of a series of future cash flows.
Simple Interest
Interest calculated only on the initial principal of an investment or loan over a specified time period.
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