To Prevent Invalid Data Input,a Bank Added an Extra Number

question 42

Multiple Choice

To prevent invalid data input,a bank added an extra number at the end of each account number and subjected the new number to an algorithm.This technique is known as:

• A)A validation check.
• B)check digit verification.
• C)A dependency check.
• D)A format check.

Understand the stages and components of the scientific process as applied in social psychology.

Grasp the concepts of theory scope, parsimony, and testability within social psychology.

Identify the roles and functions of theories in explaining human behavior.

Differentiate between various types of theories such as grand, mid-level, and mini theories.

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Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value; often reflects the risk-free interest rate.

Discount Rate

The discount rate is the interest rate set by central banks charged to commercial banks for loans, affecting the cost of borrowing money.

Actual Interest Rate

The real rate of interest earned or paid on an investment or loan, taking into account the effect of compounding.

Cash Discounts

Reductions in price given to a customer for prompt payment of their bill.