Question:What is meant by the term "Discrete Compounding"?
A Paying interest on loans made to other banks
B The process of calculating interest and adding it to the existing principal and interest at the end of finite time intervals such as a day, a month or a year
C Compounding interest only on high interest loans
D The difference between the cost of money and the rate received on it
+ AnswerD
+ Explanation
+ Report