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Q. How is computer networks used in Financial services?
Financial services: Today's financial services are totally depended on networks. Application includes credit history searches, investment services and foreign exchange, and electronic fund transfer, which give access to user to transfer money without going into a bank (an automated teller machine is an example of electronic fund transfer, automatic pay-check is another).
The Physical layer deals with the definite physical medium and the method of transporting 1s and 0s.
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The Address Resolution Protocol (ARP) sends out a broadcast to verify the MAC address from the IP address.
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