Which of the Following Statements Is True of the Use

question 11

Multiple Choice

Which of the following statements is true of the use of information technology in financial services?

• A) Information technology prevents the spread of financial crises.
• B) Financial services are an information-intensive industry.
• C) Financial services do not use decision-making systems.
• D) It does not require the processing of large volumes of information.

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Definitions:

Paying

The act of giving money in exchange for goods, services, or to settle debts.

Green Product

Goods that are environmentally friendly or less harmful to the environment, often made from sustainable resources or employing eco-conscious production methods.

Environmentally Friendly

Being environmentally friendly involves practices and products that cause minimal harm to the environment, aiming to reduce pollution and conserve resources.

Federal Trade Commission

The Federal Trade Commission is a U.S. government agency with the mission to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.