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Innovations in Banking Quiz

Discover the latest innovations in banking with this quiz! Test your knowledge of mobile banking, blockchain technology, ATMs, and online banking. Learn about the advantages of these innovations and identify which ones are not considered groundbreaking advancements in the industry. Get ready to expand your understanding of the ever-evolving world of banking!

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@SharpestComprehension

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Questions and Answers

Which of the following is an advantage of mobile banking?

It allows for easy and convenient access to account information

Which of the following is not an example of innovation in banking?

Fax machines

What is blockchain technology in banking?

A digital ledger that records transactions across a network of computers

What is the purpose of ATMs in banking?

<p>To allow customers to deposit and withdraw money outside of bank hours</p> Signup and view all the answers

What is the main advantage of online banking?

<p>It allows for easy and convenient access to account information and transactions</p> Signup and view all the answers

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