Which Has the Greater Density,a Lake Full of Water or a Cupful

question 146

Multiple Choice

Which has the greater density,a lake full of water or a cupful of lake water?

• A)the cupful of lake water
• B)the lake
• C)both have the same density

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Definitions:

Canadian Equity Fund

An investment fund that concentrates on equities (stocks) based in Canada.

Escalating Rate GIC

A Guaranteed Investment Certificate (GIC) where the interest rate increases at set intervals over the term of the investment.

Compounded Annually

A method of calculating interest where the interest is added to the principal at the end of each year, leading to compound growth.

Interest

The cost of borrowing money, where borrowers pay a fee to the lender for the money borrowed, typically expressed as a percentage of the principal.