Asked by Alexandra Barrett on Jun 20, 2024

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The Currency data type is used for fields that contain only monetary data.

Currency Data Type

In computer programming, a data type specific for the representation and manipulation of currency values with precision for financial calculations.

Monetary Data

Information or records relating to the management, exchange, value, and use of money.

  • Attain the expertise necessary for the effective administration and maintenance of a database, which includes compacting and repairing, eliminating objects, and grasping the nuances of data types and their properties.
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CS
Camryn ShirleyJun 26, 2024
Final Answer :
True
Explanation :
The Currency data type in databases is meant to store monetary values with high precision and accuracy, and is appropriate for fields where only currency-related data is expected.