Which Data Type Would Be Best Suited to a Field

question 602

Multiple Choice

Which data type would be best suited to a field that lists a product's clearance price?

• A) AutoNumber
• B) Date/Time
• C) Currency
• D) Number

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Definitions:

Discounting

The process of determining the present value of a payment or a stream of payments to be received in the future, by applying a discount rate.

Compound Annual

An interest rate calculation method that accounts for the effect of compounding over a one-year period.

Salary Growth

The increase in wages or salary over time, often due to inflation, promotion, or successful performance.

Monthly Salary

Regular payments made to an employee, usually at the end of each month, as compensation for work performed.