The Data Type in Which Numeric Data Has Decimal Fractions

question 10

Multiple Choice

The data type in which numeric data has decimal fractions is called:

• A) numeric integer.
• B) long integer.
• C) double.
• D) triple.
• E) None of the above

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Definitions:

Market Rate

The prevailing interest rate available in the market for securities of a similar risk and maturity, or the standard rate charged or paid for a specific service or commodity.

Face Amount

The nominal value or principal amount of a security stated by the issuer, due to be paid at maturity.

Straight-Line Method

A method of calculating depreciation of an asset, which spreads the cost of the asset evenly over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its principal amount or face value.