Examlex
Which of the following is true of rods?
Simple Interest
Interest determined strictly on the base amount, or on the unpaid segment of that base amount.
Term Deposit
A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.
Bookkeeper
A person responsible for recording the financial transactions and maintaining the financial records of a business.
Principal
The original sum of money borrowed in a loan, or the amount of the investment itself.
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