1. What are common applications for COBOL?
The COBOL programming language is typically used in large scale databases in banks and insurance companies. Today, COBOL is rarely used to write new software applications. It has been replaced by the C/C++ programming language, but up until the 80’s all business software was written using COBOL. This includes but not exclusively accounting, payroll, and large bank applications. COBOL is still used today due to the high cost in upgrading software, and recent studies show that as many as twelve million COBOL applications are still used today. Also, a good majority of these are proprietary and would be extremely hard to redo in a more current language. So it is obvious that COBOL programs are everywhere, and more importantly our economic system depends on these COBOL applications. Almost all of the economic algorithms have been coded in COBOL, and programmers should not be required to code all of these COBOL applications from......
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