Bob Wants to Use Encryption Tools in His Firm but He

question 152

Essay

Bob wants to use encryption tools in his firm but he is not sure if he should use public key or private key encryption.He really doesn't understand the differences between the two.Describe the two types of encryption for Bob.

---

Definitions:

Yankee Bonds

Bonds issued by foreign entities in the U.S. market, denominated in U.S. dollars, to raise capital from American investors.

Samurai Bonds

Bonds issued in Japan by foreign entities, denominated in Japanese yen.

Synthetically Created

Created or manufactured using a combination of elements and processes to replicate or improve upon a natural product or financial instrument.

Zero-Coupon Bonds

Bonds that do not pay periodic interest payments and are issued at a deep discount, maturing at face value.