Worldwide Interoperability for Microwave Access (WiMAX) Is a Communications Technology

question 74

True/False

Worldwide interoperability for microwave access (WiMAX) is a communications technology aimed at providing high-speed wireless data over metropolitan area networks.

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Definitions:

Cycle Closing

The process of finalizing all transactions within a billing cycle for financial accounts.

Simple Interest

Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.

Monthly Basis

pertaining to or calculated over the period of one month.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt by the end of the term.