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When Interest Is Added to Your Initial Deposit and You

question 55

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


Definitions:

Supreme Court

The highest judicial body in a country or jurisdiction, serving as a final court of appeal and determining the constitutionality of laws.

Theft

The act of unlawfully taking someone else's property with the intent to permanently deprive the owner of it.

Charter of Rights

A document that outlines the fundamental freedoms and rights of the citizens, such as the Canadian Charter of Rights and Freedoms.

Canadians

People native to or residing in Canada.

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