The Telephone System Is an Example of a ________ Network

question 73

Multiple Choice

The telephone system is an example of a ________ network.

• A)peer-to-peer
• B)wireless
• C)packet-switched
• D)circuit-switched
• E)client/server

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Definitions:

Bank

A banking entity authorized to accept deposits, extend credit, and offer diverse financial services to both private individuals and commercial entities.

Authorization to Confess Judgment

A legal provision where a debtor gives a creditor the right to enter a judgment against them without trial if they fail to meet the terms of an agreement.

Negotiability

This term refers to the characteristic of a financial instrument that enables it to be transferred or assigned from one party to another with ease and legal effect.

I.O.U.

An informal document acknowledging a debt owed.