Automatic Bank Tellers Are _________ Computer Systems

question 3

Multiple Choice

Automatic bank tellers are _________ computer systems.

• A) time-sharing
• B) online
• C) batch processing
• D) pipeline processor

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Definitions:

Cash Receipts Journal

The special journal in which all cash receipts are recorded.

Compensating Balance

A minimum account balance that a company must maintain as part of an agreement with a lender, often to secure a loan or line of credit.

Cash Balance

The amount of money on hand and available in a company's bank accounts at any given time.

EFT

Electronic Funds Transfer, a system that moves money between accounts electronically.