_____ Refers to the Physical Components Used to Collect, Input

question 117

Multiple Choice

_____ refers to the physical components used to collect, input, store, and process data, and to display and distribute information.

• A) Hardware
• B) Software
• C) An operating system
• D) An execution unit

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Definitions:

Negotiable Instruments

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, which can be transferred to another party.

Electronic Transfers

The movement of funds between bank accounts through digital means, often executed via online banking platforms or electronic payment systems.

Negotiability

The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.

Holder in Due Course

A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.