Question

a. Explain with two (2) examples of how banks use ICT batch workload type

Answer 1

Answer:

Banks use mainframe computers to maintain their customer accounts by dealing with transactions generated as a result of withdrawals and deposits.

It also operates a network of automated teller machines or ATMs.

Typically an ATM can be used to  withdraw cash,check an account balance,

order a statement or print a ‘mini statement’ and order a cheque book.

First, banks can keep their operating costs down because fewer employees are needed to work behind the counter inside branches

And lasty, there’s no need to carry large amounts of cash around as the large number of ATMs means that it is readily available.