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Describe the change management process using Kurt Lewin's force-field model of change.
Simple Interest
Interest calculated only on the original principal and paid only at the maturity date.
GICs
Guaranteed Investment Certificates, a type of Canadian investment that offers a guaranteed rate of return over a fixed period.
Purchasing Power
The value of currency expressed by the amount of goods or services that one unit of money can buy.
Inflation Rate
The speed at which the overall price level of goods and services increases, leading to a decline in purchasing power.
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