A Bank That Uses a Computer System to Record Deposits

question 16

Multiple Choice

A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n) ________ system.

• A) operations information
• B) transaction-processing
• C) expert
• D) group decision support

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Definitions:

Banking System

The structure of banks and financial institutions within an economy, which provides financial services including deposits, loans, and currency exchange.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash and bank deposits.

Narrow Measure

A term often used in economics and finance to refer to a specific, targeted way of measuring an aspect of the economy or market.