RAM Stands for Random Access Memory, a Form of Memory

question 82

True/False

RAM stands for random access memory, a form of memory that holds its contents even if the current is turned off or disrupted.

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Definitions:

Available Balance

The amount of money in an account that is accessible for use.

Float

The time difference between when a check is written and deposited and when it is cleared and funds are available, or, in finance, the amount of shares available for trading by the public in the stock market.

Collection Float

The time period between when a check is written and deposited and when the funds are actually available in the payee's account.