What Is an Interactive Website Kept Constantly Updated and Relevant

question 20

Multiple Choice

What is an interactive website kept constantly updated and relevant to the needs of its customers through the use of a database?

• A) Customer-driven website
• B) Data-driven website
• C) Customer-driven database
• D) Data-driven database

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Definitions:

Quarterly Compounded

Interest is added to the principal every three months, with subsequent interest calculations based on the resulting total.

GIC

A Guaranteed Investment Certificate (GIC) is a type of Canadian investment that offers a guaranteed return over a fixed period.

Monthly Compounded

Interest on an investment or loan is calculated monthly and added to the principal, allowing the interest to earn interest in subsequent months.

Nominal Rate

The stated interest rate of an investment or loan, not accounting for compounding or inflation effects.