Compounding

question 62

Multiple Choice

Compounding:

• A) is beneficial to savers, but costly to borrowers.
• B) is beneficial to borrowers, but costly to savers.
• C) is beneficial to borrowers and savers alike.
• D) is costly to both borrowers and savers.

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Definitions:

Stored Digitally

Information or data that is kept in a digital format on electronic devices rather than in a physical form.

Accessible

Easily approached, entered, or used; user-friendly, especially referring to services or environments accommodating people with disabilities.

Document

A piece of written, printed, or electronic matter that provides information or evidence, or serves as an official record.

Quotation

A group of words taken from a text or speech and repeated by someone other than the original author or speaker.