_____________________________ Prepare Flowcharts and Code the Logic of the Computer

question 92

Short Answer

_____________________________ prepare flowcharts and code the logic of the computer programs required by the overall system designed by the systems analyst.

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Definitions:

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.

Banking System

denotes the network of institutions that provide financial services, including deposits, loans, and currency exchanges.

Collection Float

The time difference between when a check is deposited into a bank account and when the funds are made available.

Availability Delay

The lag time between when a deposit is made into an account and when the funds become available for use.