Define Each Element of the Data Hierarchy, in Order from Smallest

question 37

Short Answer

Define each element of the data hierarchy, in order from smallest to largest.
Section reference 1: The Database Approach

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Definitions:

Rate Changes

Adjustments in interest or exchange rates that impact the financial markets and economic conditions.

Zero Sum Game

A situation in which the gain of one party is exactly matched by the loss of another party, indicating that no net wealth is created or destroyed in the transaction.

Contract

A legally binding agreement between two or more parties that outlines duties, rights, and obligations.

Money

A medium of exchange that is authorized or adopted by a government as part of its currency.