Mobile Banking and Account Management Quiz
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Questions and Answers

What is Mobile Banking also known as?

  • Digital Banking
  • E-banking
  • Online Banking (correct)
  • Virtual Banking

    • What does Bank Account Management (BAM) include?

  • Negotiation and management of account services and fees (correct)
  • Managing the interrelationships among accounts
  • Regulatory reporting and compliance
  • All of the above

    • What is one of the benefits of Mobile Banking?

  • Unlimited cash withdrawals
  • Access to higher interest rates
  • No need for account security
  • Manage your money anytime and anywhere (correct)

    • What is the main focus of Bank Account Management (BAM)?

    <p>Policies, procedures, and actions related to accounts</p> Signup and view all the answers

    What are some security concerns associated with Mobile Banking?

    <p>Unauthorized access to account information</p> Signup and view all the answers

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