This Compares the ID Number in Transaction Data with Similar

question 29

Multiple Choice

This compares the ID number in transaction data with similar data in the master file to verify that the account exists.

• A)Reasonableness test
• B)Sign check
• C)Size check
• D)Validity check

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Definitions:

Rate Of Return

The gain or loss of an investment over a specified period, expressed as a percentage.

Cash Flow Growth Rate

A measure of how fast a company's cash flow increases over a certain period, indicating financial health.

Timeframe

A timeframe refers to the specific period during which an event occurs or is planned to take place, often used in planning and scheduling contexts.

Required Rate Of Return

The lowest annual gain percentage that persuades individuals or firms to allocate resources to a particular security or project.