JPEG: The term jpeg stands for joint photographic experts group and
is a compressed image file format designed for images that can be used on the
pc and are web friendly but cannot be used for simple drawings letters of the
sort because they use Lossy compression but for pictures that don’t use lossy
compression, most jpegs allow 24 bit colouring.
BMP: Short for "Bitmap
picture. The BMP format is a commonly used raster graphic format for saving
image files. Bitmap images are better suited for most high quality renderings
and web page graphics
GIF: GIF, short for Graphics
Interchange Format is a file format for storing graphical images up to 256
colours. It uses LZW compression which is a lossless compression method.
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