Answer:
Wire transfer
Explanation:
Wire Transfer also known as remittance under the U.S. law is the electronic transfer of money which is carried out across a network that is run by several banks and money transfer agencies around the globe. With Wire Transfer, people at different parts of the Word can securely send money to individuals at other financial institution in any part of the world.
The following are important points to note about wire transfers:
1. It is an electronic transfer of funds across a network of banks and money transfer agencies around the world.
2. The individual or senders pays a transaction fee at their banks and must provide the receivers details including bank name and account number.
3. Wire transfers can take up to two working days to complete
4. The Office of Foreign Assets monitors and controls international wire payments, to prevent money laudering and funding of illegal activities like terrorism
Answer:
Data backup is probably the most important part of any IT system. Backing up your data means periodically saving a copy of your computer’s information to an offsite location for safe keeping. Having a copy of your computer’s data protects it from being lost in the event of a hard drive failure
Explanation:
1- On a Hard Drive (Onsite Backup)
2- Online Backup Services (Offsite Backup)
3- Cloud Backup Services (Offsite Backup)