A Database Can Best Be Described as

question 59

Multiple Choice

A database can best be described as

• A)data that has been converted into information.
• B)data gathered at random from a variety of sources.
• C)a centralized integrated collection of an organization's data resources.
• D)a loose collection of ideas.

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Definitions:

CIFP Course Materials

Educational resources and texts provided for the Certified Islamic Finance Professional (CIFP) program, covering Islamic financial principles and practices.

Compounded Quarterly

In this scenario, interest is applied to the initial sum and any accumulated interest every three months.

Future Value

The value of an investment at a specific date in the future, taking into account factors like interest rates and time period.

Compounded Annually

Interest calculation method where the interest is added to the principal sum once a year, resulting in 'interest on interest.'