(a) (i) Define Information and Communication Technology. (ii) State three uses of Information and Communication Technology in the banking sector.
(b) State the full meaning of the following: i) LAN; (ii) GPS; (iii) IP
Explanation
(a)i) Information and Communication Techonology (ICT) is defined as any product th at will store, retrieve, manipulate, transmit or receive information electronically in a digital form.
ICT is concerned with the way these different uses can work with each other.
(ii) ATM: Automated Teller machine is a computerised telecommunications device that enable the clients of a financial institution to perform financial transactions Without the need for a cashier, human clerk or bank teller.
- Teleconferencing: Through video, computer oraudio, bankers or bank officials are grouped for interaction from different location. Financial businesses are also discussed through this means.
- Internals Network: LAN (Local Area Network) helps bankers to share hardware facilities and have access to commom data types or programmes.
- Mobile phones: Phones help bankers to receive and make calls within and across geographical areas. It also gives access to emails, text, MMs, internet access, business applications among others.
(b) LAN - Local Area Network.
GPS - Global Positioning System.
IP - Internet Protocol.
