A Digital _____________ Is a Data File That Identifies Individuals

question 21

Short Answer

A digital _____________ is a data file that identifies individuals or organisations online and is comparable to a digital signature.

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Definitions:

Pay a Fee

The act of making a payment for a service or the right to engage in a particular activity, typically set at a fixed rate by the service provider or regulating authority.

Fractional Reserve

A banking system in which banks hold reserves that are less than the amount of their customers' deposits, allowing them to lend out the majority of deposited funds.

Commercial Banks

Organizations that take in deposits, issue different types of loans, and offer a range of financial services to both individuals and enterprises.

Savings Account

A bank account where money is kept for savings purposes, offering interest on the deposited funds.