Fields That Santain Numbers but Will Not Be Used for Arithmetic

question 93

True/False

Fields that santain numbers but will not be used for arithmetic operations usually are assigned a data type of Memo.

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Definitions:

AUM

Assets Under Management, the total market value of investments managed by a person or entity on behalf of clients.

Redemption Notices

Notifications sent to holders of a financial instrument about the early redemption or buyback of the instrument before its maturity date.

Lock-Up

A period following an initial public offering (IPO) where major shareholders are restricted from selling their shares, often lasting from 90 to 180 days to prevent market flooding.

Redeem Funds

Redeeming funds refers to the process of exchanging a mutual fund, or other type of investment fund shares, for cash or for its underlying assets' worth.