Examlex
Explain how the Government of Canada finances its budget deficits.
GICs
Known as Guaranteed Investment Certificates in Canada, these investments assure a certain rate of return within a predetermined period.
Investor
An individual or organization that allocates capital with the expectation of receiving financial returns.
Rate
The percentage at which interest is charged or paid, or a measure of change over time.
Compound-Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
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