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
Eased the mobilization and transportation of troops
Answer:
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The answer is a
relational database.
A data model in database management system consists of rules
that define how the DB organizes data. Today, a relational database is widely
used. It is a collection of data items organized as a set of formally described
tables from which data can be accessed in many different ways.
