Which of the Following Is Not an Advantage of Saving

question 683

Multiple Choice

Which of the following is not an advantage of saving documents in the cloud?

• A) You can access the documents from any device connected to the Internet.
• B) You can easily share the documents with others.
• C) You can back up the documents to a secure, offsite location.
• D) You can access the documents when you are not connected to the Internet.

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Definitions:

Financial Institutions

Financial Institutions are organizations such as banks, credit unions, and insurance companies that provide a wide range of financial services including deposits, loans, investments, and currency exchange.

Federal Funds Rate

The borrowing cost at which financial institutions lend and borrow federal funds (reserves at Federal Reserve Banks) from each other overnight.

Interest Rate

Interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Fractional-reserve Banking

A banking system where banks hold only a fraction of their deposits in reserve, lending the rest to generate profits.