Which of the Following Phrases Best Describes a Machine That

question 41

Multiple Choice

Which of the following phrases best describes a machine that inputs data, performs one or more calculations, and produces output data?

• A) manual calculator
• B) digital computer
• C) data-processing system
• D) difference engine
• E) cash register

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Definitions:

Hedging

A risk management strategy used to offset potential losses in investments by taking an opposite position in a related asset.

Spot Exchange Rates

Spot exchange rates are the current exchange rates at which currencies can be traded immediately.

Foreign Exchange Risk

The risk of loss due to changes in currency exchange rates affecting the value of investments or financial transactions.

Deferred Payment

A payment postponed to a future date or a series of payments made over time after the purchase or agreement.