The Introduction of the Minicomputer

question 79

Multiple Choice

The introduction of the minicomputer

• A) allowed computers to be customized to the specific needs of departments or business units.
• B) enabled decentralized computing.
• C) offered new, powerful machines at lower prices than mainframes.
• D) all of the above.

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Definitions:

Real Exchange Rate

The rate at which a person can exchange the currency of one country for the currency of another, adjusted for inflation.

Nominal Exchange Rate

The rate at which currencies are traded in the foreign exchange market, not considering differences in price levels between countries.

Domestic Price

The price of a good or service within a specific country, distinct from its price in international markets.

Depreciate

The process by which an asset's value decreases over time due to use, wear and tear, or obsolescence.