Condensing Files So They Can Be Stored in Less Space

question 80

Multiple Choice

Condensing files so they can be stored in less space and transmitted over the Internet at a faster rate is known as data ________.

• A)downloading
• B)compression
• C)digitization
• D)defragmentation

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Definitions:

Maturity Date

The date on which a financial obligation must be repaid in full.

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a future date or on demand.

Interest Due

The amount of interest payment that is owed but not yet paid by a borrower to a lender at a given point in time.

Intermediate Calculations

Calculations performed between the initial and final stages of a financial or statistical analysis to derive a specific outcome or insight.