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PART A: Answer all the following questions. (14 points each) 1. Bank ABC is planning...

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Accounting

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PART A: Answer all the following questions. (14 points each) 1. Bank ABC is planning to install an ATM inside the campus. The cost of an ATM machine is 60,000$ including the installation costs. It is expected that an ATM will complete 100,000 transactions per year for 4 years. The cost of each cach transaction is 5 cents. Discount rate is 10% and present value of all benefits of ATM are 75,000$. Is it profitable to install the ATM or not? 2. Assume that there are two banks in a highly competitive market. According to the table given below, please explain which bank is more likely to offer internet banking. (15) BANKA Young (YEARS) 5 Deposits 2,9 Millions CAMEL rating 5 BHC YES Non-interest income 0,9 Million $ BANK B 25 1,8 Million $ 4 NO 1 Millions 3. What can banks do in order to minimize the effects of system attacks? Explain clean desk policy. 4. Explain the three main problems faced by internet banks. Write down a security solution for each of those three main problems. 5. Explain the internet system attacks. Write down three methods that the banks can do in order to minimize the damages of those attacks

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