The Practice of Replacing a Company's Investment in Computing Equipment

question 5

Short Answer

The practice of replacing a company's investment in computing equipment by selling Internet-based access to its own computing hardware and software is called _____.

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Definitions:

Digital Cash

Money stored electronically and used in place of physical currency.

Electronic Funds

Money that is moved electronically from one bank account to another.

Microchips

Small, integrated circuits embedded in various devices to provide control, processing, or memory capabilities.

Electronic Fund Transfer Act

A law that protects consumers when they transfer funds electronically, including ATMs, debit cards, and direct deposits.