BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a Banking/Economy Term?
A
Factoring
B
Blue Chip
C
Insider Trading
D
Digital Signature
Explanation: 

Detailed explanation-1: -The correct answer is Redundancy.

Detailed explanation-2: -Digital signatures provide authenticity protection, integrity protection, and non-repudiation, but not confidentiality protection. The result of a cryptographic transformation of data that, when properly implemented, provides origin authentication, assurance of data integrity and signatory non-repudiation.

Detailed explanation-3: -Digital signatures are based on public key cryptography, also known as asymmetric cryptography. Using a public key algorithm, such as RSA (Rivest-Shamir-Adleman), two keys are generated, creating a mathematically linked pair of keys, one private and one public.

Detailed explanation-4: -A digital signature is a cryptographic output (made with algorithms) that certifies the authenticity of an inalterable document accepted by a signer. It is used for advanced and qualified electronic signatures. Therefore, all digital signatures are electronic, but not the other way around.

There is 1 question to complete.