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Questions and Answers
Which of the following is an advantage of mobile banking?
Which of the following is an advantage of mobile banking?
- It requires a physical visit to the bank
- It is only available to customers with high credit scores
- It is less secure than traditional banking methods
- It allows for easy and convenient access to account information (correct)
Which of the following is not an example of innovation in banking?
Which of the following is not an example of innovation in banking?
- Mobile banking
- Fax machines (correct)
- ATMs
- Blockchain technology
What is blockchain technology in banking?
What is blockchain technology in banking?
- A type of credit card that offers rewards for purchases
- A type of encryption used to secure bank transactions
- A type of bank account that is only accessible through a mobile device
- A digital ledger that records transactions across a network of computers (correct)
What is the purpose of ATMs in banking?
What is the purpose of ATMs in banking?
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What is the main advantage of online banking?
What is the main advantage of online banking?
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