Data Cleansing Not Only Corrects Errors but Also

question 10

Multiple Choice

Data cleansing not only corrects errors but also:

• A)establishes logical relationships between data.
• B)structures data.
• C)normalizes data.
• D)removes duplicate data.
• E)enforces consistency among different sets of data.

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Definitions:

S&P 500 Index

An index of the American stock market reflecting the value of 500 large-cap companies with shares available on either the NYSE or NASDAQ.

Open Interest

The total number of outstanding derivative contracts, such as options or futures, that have not been settled.

Clearinghouse Positions

The role of a clearinghouse in ensuring the settlement of transactions by acting as an intermediary between buyers and sellers in the financial markets.

Specified Delivery

A term used in futures contracts to denote the specific delivery specifications such as quality, quantity, and delivery location that must be met by the seller.