Examlex
Which of the following terms refers to a government payment to a domestic producer?
RRSP
The Registered Retirement Savings Plan is a financial tool for Canadian workers and self-employed persons, facilitating savings and investments for retirement.
Yield
The return in terms of income from an investment, like dividends or interest earned by possessing a specific security.
Compound-interest
Interest computed on both the original sum invested or loaned, as well as on the interest that has been added to this principal amount over earlier periods.
GIC
A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.
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