Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why don the recent advances in data processing technology make it possible to track even the smallest amounts of money and compute the interest?

April 26, 2017advances amounts Data possible recent smallest Technology track

0

Posted

Why don the recent advances in data processing technology make it possible to track even the smallest amounts of money and compute the interest?

1 Answer

0

Posted

The technology has been there for many years. The problem is that financial institutions charge more to open and close these individual client fund accounts than the amount of interest the account will generate, so it would cost the client more to track the interest than he or she would earn.