Examlex
Identify the letter of the choice that best matches the phrase or definition.
-An identifier that links a citation to a source.
Simple Interest
Interest calculated only on the principal amount, or the initial sum of money invested or loaned.
Market Rate
The prevailing interest rate available in the marketplace for investments, loans, and deposits.
Simple Interest
Interest calculated only on the principal amount, or the original sum of money lent or invested, without compounding.
Savings Account
A deposit account held at a bank or other financial institution that provides modest interest income.
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