In a Network Computing System,computational Tasks Are Handled by Personal

question 23

True/False

In a network computing system,computational tasks are handled by personal computers,but the information needed to complete the tasks is stored in databases controlled by a server.

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Definitions:

Money

An economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

Reserve Requirement

The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.

Excess Reserves

The surplus funds that banks hold over the required minimum set by the central bank to meet unexpected withdrawals.

Deposits

Funds stored in a bank or similar entity for security purposes that have the potential to accrue interest as time passes.