Hands On Activity #8
Over the past decade, banks and investment firms have offered many services that would be impossible without IS's. Describe three such services and explain why it makes them possible.
1. On-line banking where you can pay your bills and transfer money from your banking accounts to other accounts.
2. On-line trading could trade stocks for a small amount.
3. Apply for loans on line which would save time from having to fill the paper work out at the financial institutions to find out whether an individual qualifies for a loan.
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