Electronic Banking and Wholesale Trade Quiz
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Questions and Answers

Which of the following is NOT an example of an electronic banking service?

  • Bill payments
  • Wholesale trade (correct)
  • Mobile banking
  • Online banking

    • Which of the following is a feature of wholesale trade?

  • Typically involves low profit margins
  • Focuses on personalized customer service
  • Involves large quantities of goods (correct)
  • Direct selling to end consumers

    • What is one benefit of electronic banking services?

  • Increased risk of fraud
  • Reduced operating costs for banks (correct)
  • Limited access to account information
  • Increased need for physical visits to bank branches

    • What is another feature of wholesale trade?

    <p>Typically involves bulk discounts (A)</p> Signup and view all the answers

    Which of the following is NOT a key characteristic of online banking?

    <p>Physical interaction with bank staff is required (D)</p> Signup and view all the answers

    Flashcards

    Electronic Banking Services

    Services that allow banking transactions to be performed via electronic means.

    Online Bill Payment

    A service that lets customers pay utility and other bills electronically.

    Mobile Banking

    Banking services accessible through mobile devices, enabling transactions anywhere.

    Wholesale Trade

    The sale of goods in large quantities, typically to retailers or other businesses.

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    Features of Wholesale Trade

    Characteristics include bulk purchasing and lower prices due to large volumes.

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