Final answer:
A banking application is a software program that enables users to manage their accounts and perform banking transactions. The application should store information such as the account holder's name, current balances in checking and savings accounts, and interest rates. It should also have a feature for editing client information.
Step-by-step explanation:
A banking application is a software program that allows users to perform various banking transactions and manage their accounts. To develop a banking application, you need to store information to a file which contains the name of the account holder, the current balance of their checking account, the interest rate on the account (APR), and the current balance in their savings account.
Additionally, the application should include a feature to edit client information. This allows users or bank employees to update and modify the stored information as needed.