As Standard Practice, Customers Are Regularly Updated by Cloud Vendors

question 82

True/False

As standard practice, customers are regularly updated by cloud vendors about the location and number of copies made of their data.

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Definitions:

Savings Account

A bank account that earns interest over time, designed for the deposit of funds not intended for immediate use.

Discounted

The reduction applied to the face value or current price of an item or financial instrument, taking into account factors such as time, interest rate, and risk.

Rate of Return

The profit or deficit from an investment during a certain timeframe, represented as a portion of the investment's starting price in percentage terms.

Simple Interest

A financial term referring to a method of calculating the interest charge on a loan or investment based on the original principal amount, the interest rate, and the time the loan or investment is made for.