Which File Stores Data to Be Used Repeatedly for Processing

question 14

Multiple Choice

Which file stores data to be used repeatedly for processing transactions?

• A) Reference file
• B) Open file
• C) Program file
• D) Master file

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Definitions:

Adverse Supply Shock

An unexpected event that suddenly decreases supply, potentially increasing prices and decreasing the quantity available for consumers.

Money Supply

At any specified time, the overall financial assets available in an economy, covering cash, coins, and the balances in checking and savings accounts.

Output

The amount of goods or services produced by a company, industry, or economy within a specific period.

Long-run Phillips Curve

An economic concept illustrating that in the long-term, there is no trade-off between inflation and unemployment, suggesting that the natural rate of unemployment is unaffected by inflation.