Master File :-

• Master files contain descriptive data, such as name and address, as well as summary information, such as amount due and year-to-date sales.

Transaction File :-

• Fast performance with a rapid response is critical. Organisations rely heavily on their TPS with failure possibly stopping business.

Reference File :-

• Information in one drawing can be overlaid on a different drawing, eliminating the need to redraw information.
• Proper use of reference files will result in significant time savings and greater coordination of drawings.

Explanation:

Hope it helps you!