Computers Use ________ Language Consisting of 0s and 1s

question 25

Multiple Choice

Computers use ________ language consisting of 0s and 1s.

• A) symbol
• B) binary
• C) byte
• D) system

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Definitions:

Investment Policy Statement

A document drafted between a portfolio manager and a client that outlines general rules for the manager, including the client's objectives, risk tolerance, time horizon, and liquidity needs.

Scope and Purpose

"Scope and Purpose" defines the aims and boundaries of a project, policy, program, or strategy, outlining what it intends to achieve and the extent of its application.

Risk Requirements

Risk requirements define the level of risk that investors are willing and able to bear in their investment portfolios.

Duration Matching

A strategy used in financial management to align the durations of assets and liabilities to minimize interest rate risk.