TWhen the Amount Earned on a Deposit Has Becomes Part

question 49

Multiple Choice

TWhen the amount earned on a deposit has becomes part of the principal at the end of a specified time period and can earn a return in future periods the concept is called

• A)discount interest.
• B)compound interest.
• C)primary interest.
• D)future value.

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Definitions:

Symbolic Interactionism

A sociological perspective focusing on how individuals interact based on the meanings they ascribe to symbols, such as words and gestures, in society.

Sanctions

Measures taken by countries or international bodies to restrict or penalize certain actions or policies of other countries, organizations, or individuals to enforce international laws or norms.

Symbolic Interactionist Theory

A sociological perspective focusing on how individuals interact based on shared meanings and symbols within society.

Social Norms

Unwritten rules of behavior accepted by members of a society, which dictate what is considered normal or acceptable.