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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.