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Simple interest is a technique used to calculate the proportion of interest paid on a sum over a set time period at a set rate.

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Compound interest is when you earn interest on both the money you've saved and the interest you earn.

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An account used to save money. It is usually used in banks as a way to help people save more money and gain interest to increase the amount of money they have in the account.

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Goals or things you would like to achieve in a long period of time. These kind of goals are generally less specific and a bit harder to achieve in a short period of time, if not harder, impossible.

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Goals/things you would like to achieve in a short period of time. They are usually more specific and are more realistic to achieve.

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A way of gaining money through different things/jobs. You can get income from things like:

Bank Interest

Pension

Wages

Allowances

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A GIC is a guaranteed investment certificate. They're considered one of the safest investment options for Canadians because returns are guaranteed

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Money is a currency. A type of currency/thing used to pay for things or used to pay people when they do jobs. It used as a something in someones daily life in order to afford things and just live life in general

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Investing means to obtain an asset with the goal of generating income or further value over time.