ATMs are equipped with GPS receiver

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Xspnneba1

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LIS1001

Ramkhamhaeng university

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Question

Some scientists say that, if one would switch off all global positioning satellites, all modern economies would collapse within a day.

ATMs are equipped with a GPS receiver. Why is that? They don’t walk around, do they?

What are the facts behind these two statements, and how are they related?
Reason in detail.

Please i need 3 to 4 pages containing reference and link, authur, citation

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Explanation & Answer

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Running head: GPS TECHNOLOGY

1

GPS Technology
Name
Course
Tutor
Date

GPS TECHNOLOGY

2

Effect of switching off global positioning satellites on the modern economy
Introduction
Global Positioning System (GPS) is a satellite-based system on navigation.
However, it was developed by the United States Government. It is the lifeblood of the
modern economy. The system is used in all digital economies and therefore it's central
to the modern economy for both commercial and manufacturers sectors. Still, it is the
engine that drives the modern and digital market. Some of the major sectors that rely on
GPS include telecommunication, New York Stocks Exchange, electrical grid, banks,
tracking sectors among others. A plethora of applications on the day to day businesses
and operations use this technology. This is because there would be serious disruptions
and interference with their systems and it would as a result harm all the involved
industries. Even a slight interference with the system would have severe effects on all
GPS signal receiving gadgets and equipment.
Impact
The impact of GPS application on modern industries in the United States of
America alone is estimated to be $68 billion per year. It will most likely be over $123
billion ...


Anonymous
Excellent resource! Really helped me get the gist of things.

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