With the Centralized Database Approach to Data Management, We Expect

question 21

Multiple Choice

With the centralized database approach to data management, we expect to have:

• A) increased data storage costs
• B) improved data integrity
• C) increased data redundancy
• D) greater difficulty in performing file maintenance

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Definitions:

Severe Recession

An unusually deep and prolonged downturn in economic activity that exceeds the standard definition of a recession, often marked by significant declines in GDP and employment.

Interest Rates

The cost of borrowing money or the return on invested savings, typically expressed as a percentage of the principal amount per year.

Deposit Expansion Multiplier

The ratio of the amount by which deposits can increase to the original amount of new reserves; it shows how money multiplies in the banking system.

Reserve Ratio

This is the fraction of depositors' balances banks must have on hand as cash.