Which Data Type Would Be the Best Logical Data Type

question 38

Multiple Choice

Which data type would be the best logical data type for a field named PaidDate?

• A)Currency
• B)Number
• C)Memo
• D)Date/Time

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Definitions:

Weather Futures

Financial derivatives that allow for the hedging against or speculation on weather conditions, such as temperature or precipitation levels.

Treasury Notes Futures

Futures contracts based on U.S. Treasury notes, which are debt securities issued by the U.S. government with maturities ranging from two to ten years.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.

Long Position

Owning or buying securities with the expectation that their value will increase over time, allowing the investor to profit from the appreciation.