A Method of Encryption That Requires the Same Secret Key

question 43

Multiple Choice

A method of encryption that requires the same secret key to encipher and decipher the message is known as __________ encryption.

• A) asymmetric
• B) symmetric 
• C) public
• D) private

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Definitions:

Utility

The satisfaction or pleasure that a consumer derives from consuming a good or service.

Income

The total amount of money received by an individual or generated by an entity, typically on a regular basis, from various sources such as wages, investments, or business ventures.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Price Fall

A reduction in the market price of a good or service, which can influence consumer behavior and economic conditions.