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Valley Inc

question 63

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Valley Inc.is a Texas-based firm that develops applications for heavy machinery.The major part of coding and development is outsourced to Rousc Inc.,in North Korea.As per the contract,Valley Inc.provides Rousc Inc.with the programming language execution environment,database services,and a Web server.Rousc Inc.also gets to control the application's deployment and configuration settings.Which type of service does Valley Inc.provide?


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Excess Reserves

Excess funds maintained by a bank or financial institution above the minimum levels mandated by regulatory authorities, creditors, or the institution's internal regulations.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Commercial Bank

A financial institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

Federal Reserve Bank

The central banking system of the United States, responsible for monetary policy, regulation of the banking industry, and maintaining stability of the financial system.

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