A master file
A) Contains mostly static information about an object, such as its balance
B) Contains only transaction details
C) Contains inactive past or historical data
D) Contains records identified as incomplete or erroneous pending further action
E) Contains records such as tax tables which are used for reference purposes

Question

Quizplus · Accepted Answer

A master file contains mostly static information about an object, such as its balance, and is used to store essential data that does not change frequently.

A Master File