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 Form 1 Computer Studies Questions and Answers: Introduction to Computers Set 1

State four ways in which computers are used in the bank.

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Answer Text:
-Processing cheques through MICR
(Magnetic Ink
Character Reader).
-For Electronic Funds Transfer (EFT) through mobile phones and internet.
-Withdrawal and deposit of money using Automated Teller Machine (ATM).
-Keeping records of customers in a database.
-Enable branchless banking through computer networking