A Specific Category of Data Such as a Customer's Name

question 7

Multiple Choice

A specific category of data such as a customer's name, city, state, or phone number is called a(n) ____.

• A) object
• B) record
• C) field
• D) table

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Definitions:

Mortgage

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.

Loan Balance

The amount of money that remains to be paid back on a loan at any given time, excluding future interest.

Compounded Semi-Annually

The process where interest is calculated and added to the principal sum of an investment or loan twice a year.

Loan Payment

The amount paid periodically to the lender of a loan, which includes both principal and interest.