Examlex
Describe the process of cultural diffusion and explain how it contributes to cultural leveling. Give an example.
Term Deposit
A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.
Simple Interest
A method of calculating interest where the charge is based on the original principal amount alone, without compounding.
Interest
Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.
Rate Of Interest
The percentage of principal charged by the lender for the use of its money.
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