Which One of the Following Fields Would Not Be Assigned

question 18

Multiple Choice

Which one of the following fields would not be assigned a Text data type?

• A) phone number
• B) employee identification number
• C) ZIP Code
• D) date of birth

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Definitions:

Compounded Semiannually

Refers to the process where interest is added to the principal balance of a loan or deposit twice a year, effectively increasing the amount of interest earned or paid.

Promissory Note

A financial document in which one entity guarantees to pay a certain amount of money to another, either when asked or at an agreed-upon date in the future.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Canadian Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by Statistics Canada.