The Y2K Problem Refers to

question 109

Multiple Choice

The Y2K problem refers to

• A) the inability of all computers to function after year 2000.
• B) a manufacturing flaw in some Intel processors in 1998.
• C) the use of 4 digits to represent the year in early computers.
• D) the use of 2 digits to represent the year in early computers.
• E) the use of the 1929 rule to determine the first two digits of the year.

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Definitions:

Foreign Exchange

The exchange of one currency for another, or the conversion of one currency into another currency.

International Trade

The exchange of goods, services, and capital among countries and territories, which can lead to increased economic growth and consumer choice.

U.S. Dollar

The official currency of the United States, widely used as a benchmark in global financial transactions.

Appreciates

Refers to an increase in value or price of an asset, currency, or commodity over time.