Answer / nimsatprasad

There are at least five differences: COBOL II supports
structured programming by using in line PERFORMs and
explicit scope terminators, it introduces new features
(EVALUATE, SET .. TO TRUE, CALL .. BY CONTEXT, etc), it
permits programs to be loaded and addressed above the 16
megabyte line, it does not support many old features (READY
TRACE, REPORT-WRITER, ISAM, etc.), and it offers enhanced
CICS support.

In INITIALIZE what is Repalcing Word will do

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