With Parallel Conversion, the Old System Is Stopped and the New

question 22

True/False

With parallel conversion, the old system is stopped and the new system is started.

---

Definitions:

Exhaustive

Thorough and comprehensive in approach or scope.

Deficit Spending

The practice of a government spending more money than it receives in revenue, typically funded through borrowing.

Borrowed Funds

Money obtained from external sources, such as banks or financial institutions, to be repaid over time with interest.

Transfer Payments

Payments made by the government to individuals or groups without expecting a good or service in return, often aimed at redistributing income, such as social security benefits and subsidies.