Hong Kong and Shanghai Bank Developed a Special System Called

question 44

True/False

Hong Kong and Shanghai Bank developed a special system called HSBCnet to provide online banking in 60 countries.Using this system,the bank rapidly became a major international bank without developing an extensive new branch network.

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Definitions:

Downsizing

A business strategy involving the reduction of a company's workforce to improve its efficiency and reduce costs.

Countercurrent Exchange

A mechanism by which fluids flowing in opposite directions exchange properties, optimizing heat or mass transfer.

Gas Exchange Efficiency

The effectiveness with which an organism exchanges oxygen and carbon dioxide with its environment, crucial for respiration.

Capillaries

The smallest blood vessels in the body's circulatory system, responsible for the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste substances between blood and surrounding tissues.