Which of the following best describes a Bit in computer terms?

A Bit, short for "binary digit," is indeed best described as the basic unit of information in computing. In the binary system, a Bit can represent one of two values, typically 0 or 1. This foundational role of the Bit is crucial, as all data in computing—whether it be numbers, characters, or complex data structures—is ultimately expressed in binary form. A series of Bits can combine to form larger data units, such as bytes (which consist of 8 Bits) and beyond.

The other options do not accurately reflect the definition of a Bit. For example, while a single character of text can indeed be represented by a series of Bits, it does not capture the broader role of a Bit in all computing contexts. Similarly, Bit is not specifically a unit of measurement for data transfer speed (although it does contribute to that concept), and it is not itself a type of computer memory. Therefore, identifying a Bit as the basic unit of information helps underscore its significance in computing and data representation.