Fibonacci Sequence = 1, 1, 2, 3, 5, 8

question 279

Short Answer

Fibonacci sequence = 1, 1, 2, 3, 5, 8, . . . Any number in the Fibonacci sequence is a Fibonacci number . Name the Fibonacci numbers that are prime numbers and less than 20.

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Definitions:

Set Off

Set off is a legal mechanism allowing parties to mutually cancel out monetary claims against each other by offsetting debts, thereby simplifying payment processes.

Financial Asset

An asset that derives value because of a contractual claim, such as cash, stocks, bonds, and bank deposits.

Financial Liability

An obligation to deliver cash or another financial asset to another entity, or to exchange financial instruments under potentially unfavorable conditions.

Offset Conditions

Conditions that allow entities to negate or counterbalance one position with another, commonly used in accounting and finance to manage risk or net-off liabilities against assets.