Question

On-line banking has improved banking in most developed countries. It allows customers to access their accounts

24 hours a day without the need to open the doors of branches. The central computer runs most of the banking processes.

What do the following terms mean?

a) Online

b) Central computer

Answer 1

a. Online means of a system connected to a larger network or the internet.

b. Central computer - performs centralized computing i.e. most of the processing/computing functions, controlling remote terminals are performed on a central server.