Four Types of Files in a Computerized Accounting System Are

question 64

True/False

Four types of files in a computerized accounting system are scratch files, backup files, application files, and archive files.

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Definitions:

Value of Money

The purchasing power of money, which can be influenced by factors like inflation and interest rates.

Money Demand

The total amount of money that households and businesses wish to hold in the form of cash or deposits, at a given time.

Quantity of Money

The total amount of money available in an economy, including currency and balances held in checking and savings accounts.

Prices Fall

A situation where the amount of money required to purchase goods or services decreases, typically due to reduced demand or increased supply.