Bigbux Bank Has Always Tried to Make Use of the Newest

question 135

Multiple Choice

Bigbux Bank has always tried to make use of the newest technologies to expand the services it offers to its customers. For example, depositors can obtain updated financial information about their accounts and handle certain types of transactions whenever they wish simply by using the bank's mobile app with fingerprint login. The type of technology Bigbux Bank uses to provide these services is known as

• A) data processing.
• B) systems processing.
• C) information technology.
• D) knowledge processing.

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Definitions:

Global Warming

The long-term increase in Earth's average surface temperature, primarily due to human activities such as fossil fuel burning.

Invisible Hand

A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace where individuals' pursuit of self-interest leads to societal benefits.

Capital Owners

Individuals or entities that own assets with economic value expected to benefit future operations, such as machinery, buildings, or equipment.

Government Failure

A situation where government interventions in the economy cause more harm than good, often due to inefficiencies, misallocation of resources, or unintended consequences.