as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain how binary code works.
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binary code is a system of encoding information in which data is stored as a series of 0s and 1s. a binary number is a number expressed in the base-2 number system, which consists of only two symbols: 0 and 1. in binary code, each character is represented by a combination of 8 bits, or 0s and 1s. by converting the information into binary code, computers can quickly process data and turn it into instructions for the machine to follow.
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