Question

How has technology impacted business transactions at Lloyd's?

a.

It has increased document-based transactions.

b.

It has reduced the need for electronic transactions.

c.

It has allowed for electronic transactions through the Internet.

d.

It has eliminated the need for settlements through Electronic Data Interchange (EDI).

Answer: (c).It has allowed for electronic transactions through the Internet. Explanation:New technology at Lloyd's has replaced document-based transactions and introduced electronic transactions through the Internet, including settlements through Electronic Data Interchange (EDI).

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Q. How has technology impacted business transactions at Lloyd's?

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