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When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over what period of time (Note: this

When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over what period of time (Note: this is not referring to the compounding frequency or frequency of interest payment)?
1. Daily
2.Monthly
3.Quarterly
4.Annually

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