3GLs Are Significantly Less Procedural Than 4GLs

question 40

True/False

3GLs are significantly less procedural than 4GLs.

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Definitions:

Service Charge

A fee charged for a particular service provided by a company or institution.

Interest

The cost of borrowing money or the return on investment capital, often expressed as a percentage rate over a period of time.

Adjusted Cash Balance

The cash balance recorded in accounting books after considering outstanding checks and deposits in transit, ensuring it matches the actual bank balance.

Check Register

A record book or electronic log used to track checks written, deposits made, and current account balances.