The Type of Code That Uses Only 7 Bits for Each

question 84

Multiple Choice

The type of code that uses only 7 bits for each character is ____.

• A) ASCII
• B) Extended ASCII
• C) EBCDIC
• D) all of the above

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Definitions:

Time to Maturity

The remaining period until a financial instrument, such as a bond, reaches its due date and the principal must be repaid.

Annuities Due

Annuities Due refer to a series of equal payments made at the beginning of consecutive periods over a fixed length of time, often used in finance to represent contracts that require such payments.

Ordinary Annuities

Ordinary annuities are a series of equal payments made at the end of consecutive periods over a fixed length of time.

Perpetuity

A financial term referring to a security or form of investment that pays an infinite series of cash flows with no end date.