The Term Bit Stands for ____________

question 148

Multiple Choice

The term bit stands for ____________.

• A) binary digit
• B) basic integer
• C) Boolean interchange type
• D) big-endian format

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Definitions:

Federal Budget

An annual financial statement presenting the government's proposed revenues and spending for a fiscal year.

Crowds Out

Refers to the effect where increased government spending and borrowing reduce private investment in the markets.

Fiscal Policy

Governmental adjustments of its spending levels and tax rates to influence a nation's economy.

Financial Market

The marketplace where buyers and sellers interact to trade financial instruments, such as stocks, bonds, currencies, and derivatives, often within an institutional framework.