COGNITIVE ASSESSMENT What Is a NIC

question 166

Multiple Choice

COGNITIVE ASSESSMENT What is a NIC?

• A) a central communications device that allows computers and devices to transfer data wirelessly
• B) a communications device that enables a computer or device that does not have built-in networking capability to access a network
• C) a network that controls Internet communications
• D) a network device that controls the IP addresses of the nodes on a network

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Definitions:

Quoted Interest Rate

The interest rate that a lender states or advertises, not accounting for the compounding of interest within a specific period.

Interest Payment

The payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

Compounded

The process of generating earnings from previous earnings, calculated by applying the earnings rate not only to the principal but also to the accumulated earnings over past periods.

Compounds Semi-Annually

Interest on an investment or loan is calculated and added to the principal balance twice a year.