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Questions and Answers
Which of the following is an example of disintermediation in banking services?
Which of the following is an example of disintermediation in banking services?
- Borrowing money through a virtual bank.
- Using crowdfunding platforms to raise funds. (correct)
- Buying insurance through an online banking website.
- Using credit cards to pay for purchases online.
What is an example of disintermediation in banking services?
What is an example of disintermediation in banking services?
- Using peer-to-peer lending platforms to borrow money. (correct)
- Opening a savings account at a physical bank branch.
- Investing in mutual funds through a traditional bank.
- Obtaining a mortgage loan from a credit union.
Which option demonstrates disintermediation in banking services?
Which option demonstrates disintermediation in banking services?
- Utilizing mobile payment apps for transactions.
- Applying for a personal loan at a traditional bank.
- Purchasing stocks through a brokerage firm.
- Using cryptocurrency for international money transfers. (correct)
