Your Textbook Identified a Number of Mobile Banking Security Risks

question 57

True/False

Your textbook identified a number of mobile banking security risks.Duplicating the Electronic Serial Number (ESM)of one phone and using it in a second phone is called phishing.This allows the perpetrator to have calls and other transactions billed to the original phone.

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Definitions:

Potential Arbitrage

An opportunity to buy an asset at a low price in one market and sell it at a higher price in another, profiting from the difference.

Generalized Fisher Effect

The theory suggests that the real interest rate is independent of monetary measures, relating nominal interest rates in one country to expected inflation rates.

Triangle Arbitrage

A method of profiting from the inconsistency in exchange rates between three currencies in the foreign exchange market by converting them sequentially.

Canadian Dollar

The official currency of Canada, often represented by the symbol CAD or $CA, and used throughout the Canadian economy.