Which of the Following Is NOT True About Online Banking

question 33

Multiple Choice

Which of the following is NOT true about online banking and ATM security?

• A)To access an account through an ATM, you must use a bank card and a password.
• B)Banks use separate processors for customer interaction and their main computer system.
• C)Encryption is required by law in many countries.
• D)ATMs sometimes use a private network to secure transactions.

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Definitions:

Standard Rate

A predetermined cost or charge that applies to a particular activity, operation, or product within a business environment.

Fixed Factory Overhead Volume Variance

A measure used in cost accounting to determine the difference between the budgeted and actual volume of production, affecting fixed overhead costs.

Standard Costs

Standard costs are the predetermined costs associated with manufacturing a product or delivering a service, used as benchmarks to measure performance.

Actual Costs

The real expenses incurred in the production or acquisition of goods and services.