A Byte Typically Consists of Ten Bits and Represents One

question 23

True/False

A byte typically consists of ten bits and represents one character of data in most computer coding schemes.

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Definitions:

Compounded Monthly

Interest on an investment or loan calculated and added to the principal amount on a monthly basis.

Future Payments

Payments that are scheduled to occur at future dates as part of a financial agreement or plan.

Debtor

A person or entity that owes money to another, typically as the result of a loan or other financial agreement.

Compounded Quarterly

The process by which interest is calculated and added to the principal sum of a loan or deposit four times a year.