In a File-Oriented Information System, a Transaction File ____

question 48

Multiple Choice

In a file-oriented information system, a transaction file ____.

• A) stores relatively permanent data about an entity
• B) is created and saved for backup and recovery purposes
• C) stores records that contain day-to-day business and operational data
• D) is a temporary file created by an information system for a single task

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Definitions:

Nominal Exchange Rate

The value of one currency in terms of another currency without adjustment for inflation or purchasing power parity.

Real Exchange Rate

A measurement of the value of one currency against another, adjusted for inflation, giving a more accurate representation of purchasing power between two countries.

British Pounds

The official currency of the United Kingdom, also known as sterling.

Nominal Exchange Rate

The rate at which one country's currency can be exchanged for another's, not adjusted for inflation.