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This Type of Authentication Uses Some Unique Physical Characteristic of the User

question 1

Multiple Choice

This type of authentication uses some unique physical characteristic of the user to identify the user and allow the appropriate access to the system.

Convert annual interest rates to monthly rates.
Calculate simple interest on a monthly basis.
Compute net balances, finance charges, and new balances under various credit terms.
Complete loan amortization schedules and solve effective rate problems.

Definitions:

Fair Market Value

The price at which an asset would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset, over its useful life, up to the current date.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life, used in calculating depreciation.

Discarded

Discarded refers to items or substances that have been thrown away or disposed of, no longer deemed useful or necessary.

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