A Sequential Access File Is Often Referred to as a ____

question 15

Multiple Choice

A sequential access file is often referred to as a ____ file.

• A) text
• B) random
• C) binary
• D) byte

---

Definitions:

Annual Dividend

The total dividend payment a company makes to its shareholders in a year.

Compounded Monthly

A method of calculating interest in which the interest accrued in each month adds to the principal for the calculation of subsequent interest.

Effective Annual Rate

The interest rate that is annually compounded, taking into account the effects of compounding.

Perpetuity

A type of annuity that pays an infinite series of cash flows, with no end date.