Which of the Following Describes a Mathematical Sum of Data

question 44

Multiple Choice

Which of the following describes a mathematical sum of data that is meaningless to the financial statements but useful for controlling the data and detecting possible missing items?

• A)Hash total
• B)Batch total
• C)Validation check
• D)Sequence verification total

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Definitions:

Money Demand Curve

A graph showing the relationship between the quantity of money people want to hold and the interest rate, inversely related.

Money Supply

The total amount of monetary assets available within an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Interest Rate

The cost of borrowing money expressed as a percentage of the amount borrowed, paid to the lender.

Short Run

A time period in economics during which at least one input is fixed while others can be varied to adjust the level of output.