Final answer:
The core banking application used by banks to facilitate banking transactions is an example of technology.
Step-by-step explanation:
The core banking application used by the bank to enable all types of banking transactions for their consumers is an example of technology.
Banks utilize advanced software systems and databases to manage and process various financial activities, such as depositing, withdrawing, transferring funds, and more. These applications provide a secure and convenient platform for customers to access their accounts, check balances, make payments, and perform other banking operations.