A(n)____ Number Would Be Best to Store a Currency Value

question 38

Multiple Choice

A(n) ____ number would be best to store a currency value.

• A)int
• B)char
• C)floating-point
• D)fixed-point

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Definitions:

Ordinary Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Tax-deferred

Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.

RRSP

Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.