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WAEC Data Processing 2020 Question 7

Question 7

ICT in Society

Internet banking entails

  1. A.applying computer networks in banking operations.
  2. B.applying computers to automate banking operations.
  3. C.generating tokens and One-Time-Passwords for online payments.
  4. D.using ATM for banking operations.
Show the answer and explanation

Answer: A (applying computer networks in banking operations.)

Explanation

Internet banking means carrying out banking over computer networks (the internet).