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Fields That Contain Numbers but Will Not Be Used for Arithmetic

question 96

True/False

Fields that contain numbers but will not be used for arithmetic operations usually are assigned a data type of Memo.


Definitions:

Annual Premiums

The amount paid on an annual basis for insurance coverage, which can pertain to various types of insurance policies.

Moving Vans

Moving Vans are large vehicles used for transporting household or commercial goods from one location to another during relocation.

Coinsurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the covered losses in exchange for a lower premium.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

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