The use of computers in modern banking industry is a reflection of Options

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The use of computers in modern banking industry is a reflection of Options

  • A) competitive development
  • B) scientific development
  • C) economic development
  • D) technological development

Correct Answer: D) technological development

Explanation

The question is asking about the use of computers in the modern banking industry. Computers are now widely used in banks for various purposes. They help to automate many banking processes, such as keeping track of customer accounts, processing transactions, and generating reports. By using computers, banks are able to handle a large volume of transactions quickly and efficiently. Now let's look at the options. Option A is competitive development. While computers do help banks compete with each other by offering better services, this is not the main reason for their use. Option B is scientific development. While computers are certainly a product of scientific development, their use in the banking industry is not specifically related to scientific research or advancement. Option C is economic development. While computers do contribute to economic development in general, their use in the banking industry is more specifically related to improving banking operations. Option D is technological development. This is the correct answer. Computers are a result of technological development, and their use in the banking industry reflects the advancement of technology in this sector. In summary, the use of computers in the modern banking industry is a reflection of technological development.



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