Every Person in the World Can Have More Than One

question 36

Multiple Choice

Every person in the world can have more than one friend,and each person in the world can be a friend to more than one person.Thus,the cardinality that exists between friends and people is

• A) one-to-one.
• B) one-to-many.
• C) many-to-many.
• D) none of the above

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Definitions:

Monthly Compounded

Interest that is calculated on the principal and previously earned interest once every month.

Nominal Rate

The advertised or stated rate of interest, not including the effects of inflation or compounding.

RRSP

Registered Retirement Savings Plan, a savings and investment vehicle for Canadians to save for retirement in a tax-efficient way.

Compounded Rate

The rate at which interest is calculated on the initial principal and the accumulated interest of previous periods.