How Many Bits Are Needed to Represent 1024 Different Bit

question 57

Short Answer

How many bits are needed to represent 1024 different bit patterns?
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Definitions:

Money Market Funds

Investment funds that pool money from investors to purchase short-term, high-quality debt securities and aim to provide returns with lower risk.

Equity Funds

Mutual funds that invest primarily in stocks, aiming for growth by capital gains rather than income from dividends or interest.

Bond Funds

Investment funds that exclusively invest in bonds, offering investors exposure to the fixed income market.

Mutual Fund Assets

The total value of all the securities and cash held by a mutual fund, representing the fund's overall portfolio size.