When Interest Is Added to Your Initial Deposit and You

question 55

Multiple Choice

When interest is added to your initial deposit and you begin to earn interest on interest,this is known as

• A) The annual percentage rate
• B) The time value of money
• C) Compounding
• D) The future value of money

---

Definitions:

Economic Benefits

Advantages gained in the economic sphere, which can include profits, enhancement of resources, or improvements in standard of living.

Medieval France

The historical period and geographical area referring to France during the Middle Ages, characterized by feudalism, chivalry, and the influence of the Catholic Church.

Romantic Feelings

Deep emotions and affection that are typically associated with love and attraction between people.

Common-Law Relationship

A legally recognized relationship between two adults who live together in a marriage-like relationship, without being officially married.