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Rony works on several confidential files for his company. Ignoring the privacy requirements, Rony places the files in a shared folder on his computer; hence, there is a risk of other people accessing the files. Which of the following steps should Rony take while using a peer-to-peer (P2P) network to prevent his original files from being overwritten by another P2P user?
Excess Reserves
These are bank reserves held in excess of what is required by the central bank, available for lending or investment, affecting the money supply and interest rates.
Checkable Deposit
Deposits in bank accounts that can be withdrawn or transferred through checks, debit cards, or electronic means readily without restrictions.
Personal Balance Sheet
A financial statement that summarizes an individual's financial position at a certain point in time, showing assets, liabilities, and net worth.
Checking Deposit
A bank account that allows for the deposit and withdrawal of money for daily transactions, typically offering easy access through checks, ATMs, and electronic transfers.
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