Question

Internet Banking is an example of?
a) Electronic Funds Transfer (EFT)
b) EDP (Electronic Data Processing)
c) EBCDIC
d) ASCII
e) None of these

Answer 1

it is an example of electronic data processing.

Answer 2

Internet Banking is an example of

a) Electronic Funds Transfer (EFT)

Electronic finances transfer is the electronic transfer of plutocrat from one bank account to another, either within a single fiscal institution or across multiple institutions, via computer- grounded systems, without the direct intervention of bank staff.

Explanation for incorrect:

b) EDP (Electronic Data Processing):Electronic data processing can relate to the use of automated styles to reuse marketable data.

Generally, this uses fairly simple, repetitious conditioning to reuse large volumes of analogous information.

c) EBCDIC :Extended Binary Enciphered Decimal Interchange Code is an eight- bit character garbling used substantially on IBM mainframe and IBM midrange computer operating systems

d) ASCII :

ASCII (American Standard Code for Information Interchange) is the most common character encoding format for text data in computers and on the internet.

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