Binary Digits Have Only _____ Possible Value(s)

question 35

Multiple Choice

Binary digits have only _____ possible value(s) .

• A) one
• B) two
• C) three
• D) four

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Definitions:

Terms of Payment

The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.

Compensating Balance

A minimum bank balance that a borrower must maintain as a condition for obtaining a loan, often used to compensate banks for the loan services.

Effective Interest Rate

The real interest rate on a loan or financial product, accounting for the effect of compounding over a given period.

Minimum

The lowest possible amount, quantity, or degree achievable or permissible.