Which Is a True Statement About the REA Data Model

question 4

Multiple Choice

Which is a true statement about the REA data model?

• A) The REA data model classifies entities into three distinct categories.
• B) The term REA is an acronym that stands for resources, entities, and agents.
• C) Using an REA data model is not helpful when creating an R-E diagram.
• D) The "E" in the REA data model stands for things that have an economic value to the organization.

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Definitions:

Debit Cards

Plastic payment cards that deduct money directly from a consumer's checking account to pay for purchases, different from credit cards that borrow money from a line of credit.

Real Estate Prices

The amount of money required to purchase property, including land and buildings, which can fluctuate based on demand, location, and economic conditions.

Saving And Loan

A financial institution that focuses on accepting savings deposits and making mortgage and other loans.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount loaned, which can affect economic activity by influencing spending and saving behaviors.