In a Short Essay, Discuss the Steps in the Data

question 89

Essay

In a short essay, discuss the steps in the data preparation process.When should the data preparation process begin? Why is it important to begin the data preparation process at this step?

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Definitions:

Debit Card

Cards that tap directly into the depositor’s bank account to fund purchases; also called a check card.

Checking Account

A bank account that allows the account holder to access funds, make payments, and manage transactions with ease.

Excess Reserves

Bank reserves in excess of the required minimum, which can be lent out or invested.

Total Reserves

The sum of all deposits, including cash, bank deposits, and investable assets, held by a financial institution or country.