Programs That Perform Business Functions, Such as General Ledger and Accounting

question 83

Multiple Choice

Programs that perform business functions, such as general ledger and accounting, are known as ________.

• A)application software
• B)system software
• C)firmware
• D)operating systems

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Definitions:

Financial Institutions

are establishments that provide financial services to its clients or members, including banks, credit unions, insurance companies, and investment firms.

Reserve

Assets held back or saved for future use or to meet unforeseen needs, often referring to banks' reserves of cash.

Demand Deposits

Money in bank accounts that can be withdrawn "on demand" without any advance notice.

Junk Bonds

High-yield bonds that carry a higher risk of default compared to investment-grade bonds, typically issued by companies with lower credit ratings.