Multiple choice

________ enables accessing of complete customer account details centrally.

  1. ATM

  2. WAN

  3. LAN

  4. MAN

  5. CBS
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

CBS (Core Banking Solution) refers to software applications for recording transactions, storing customer information, calculating interest and completing the process of passing entries in a single database. Core banking is services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.

Keep practicing — related questions