Data Definition Involves Describing the Properties of the Data That

question 81

Multiple Choice

Data definition involves describing the properties of the data that go into each database table, specifically the ____ that make up the database.

• A) records
• B) rows
• C) fields
• D) characters

---

Definitions:

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, so the balance doesn't merely grow, it grows at an increasing rate.

Interest

Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Outstanding Balance

It signifies the total amount still owed on a loan or credit line, factoring in both principal and interest, at a certain point in time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets over a specific period.