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ANSI Defines Four Events That Signal the End of a Transaction.Of

question 19

Multiple Choice

ANSI defines four events that signal the end of a transaction.Of the following events,which is defined by ANSI as being equivalent to a COMMIT?


Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Investment Banks

Financial institutions that provide services such as underwriting, mergers and acquisitions, and advisory services to corporations and governments.

Lehman Brothers

A former global financial services firm that filed for bankruptcy in 2008, becoming a symbol of the largest bankruptcy in U.S. history and a catalyst for the global financial crisis.

Bankrupt

A financial condition in which an individual or organization is unable to meet their debt obligations.

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