An analyst is recording the following financial transaction data with a vendor: 59.99, 49.50, 70.49 Which of the following data types is the best way to record this information?

The correct answer is C. Currency. Currency data type is specifically designed to store monetary values with appropriate precision and formatting for financial transactions.

Data Concepts and Environments

Question

An analyst is recording the following financial transaction data with a vendor:

59.99, 49.50, 70.49 Which of the following data types is the best way to record this information?

Options

ADiscrete
BContinuous
CCurrency
DNumeric

How the community answered

(30 responses)

A
7% (2)
C
90% (27)
D
3% (1)

Explanation

Currency data type is specifically designed to store monetary values with appropriate precision and formatting for financial transactions.

Topics

#Data types#Financial data#Data classification

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