A ___________ Is Used When You Want to Verify That

question 64

Multiple Choice

A ___________ is used when you want to verify that data fits within correct minimum and maximum values.

• A)Completeness check
• B)Format check
• C)Range check
• D)Check digit check
• E)Consistency check

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Definitions:

Foreign Exchange Gain

A profit resulting from changes in the exchange rate between the currency in which a transaction is denominated and the home currency.

Fair Value Hedge

A financial hedge that is used to mitigate the risks associated with the changes in the fair value of assets or liabilities or an identified portion of such assets or liabilities.

Discount Recognized

Discount Recognized refers to the process of acknowledging a reduction from the nominal value of a financial instrument when it is realized or accounted for.