The Secure Sockets Layer Communicates Protocol and Secures Sensitive Data

question 27

True/False

The Secure Sockets Layer communicates protocol and secures sensitive data involved in e-commerce, but without the use of encryption.

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Definitions:

365-Day Year

A method used in finance that assumes a year has 365 days and is used for calculating interest rates or other financial metrics.

Total Amount

The complete sum of money required or received, often including principal, interest, taxes, and fees.

Ordinary Interest

Interest calculated on the basis of a 360-day year, which is commonly used in calculating interest for loans, mortgages, and bonds.

360-Day Year

An accounting method that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.