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Use the following to answer questions:
-Stephen Poloz is the Governor of the Bank of Canada.
Interest Calculation
The process of determining the charge for the use of borrowed funds or the return on invested funds, typically expressed as an annual percentage rate.
Accrued Interest
Interest that has been incurred but not yet paid or received.
90-Day Note
A short-term debt obligation that is due for repayment within 90 days of the note's issuance.
Direct Write-Off Method
A method of accounting for bad debts that involves charging unpaid customer accounts directly to the income statement when they are determined to be uncollectible.
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