Variable-Length Records Contain

question 49

Multiple Choice

Variable-length records contain:

• A) both a variable number of fields and variable field lengths.
• B) both a variable number of fields and fixed field lengths.
• C) both a fixed number of fields and variable field lengths.
• D) both a fixed number of fields and fixed field lengths.

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Definitions:

Prime Rate

The interest rate banks charge their largest and best commercial customers.

Compensating Balances

Minimum balance requirements imposed by banks on corporate customers in exchange for banking services or loans.

Trust Receipts

Documents acknowledging the receipt of goods by a trustee while detailing the terms of an agreement for selling or holding the goods.

Collateral

An asset backing a loan. In the event of default the collateral becomes the property of the lender to satisfy the obligation. Also called security for the loan.