A Mainframe Is a Large and Expensive Computer, Capable of Simultaneously

question 135

True/False

A mainframe is a large and expensive computer, capable of simultaneously processing data for hundreds or thousands of users.

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Definitions:

Net Financial Assets

The difference between a person's or entity's total financial assets and total financial liabilities.

Security

Financial instruments or assets held to back debts or investments, or as a means to ensure the fulfillment of financial obligations.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms for the payment of claims under certain conditions.

Securities Act

A law or legislation that regulates the issuance and sale of securities to protect investors against misrepresentation, deceit, and other frauds.