Cloud Storage Services Such as Microsoft SkyDrive Offer You Remote

question 22

True/False

Cloud storage services such as Microsoft SkyDrive offer you remote storage space on an Internet-based server.

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Definitions:

Deposit

An amount of money placed in an account, typically to keep it safe or to earn interest.

Annual Contributions

The amount of money contributed to a particular account or investment over the course of a year.

Savings Plan

A scheme that encourages regular saving with a bank or financial institution, often linked with benefits such as interest or investment returns.

Effective Rate

A comprehensive annual rate that accounts for compounding, often used in finance and investments to provide a true comparison among different financial products.