What is an advantage of online banking?a) You must visit a branch for all transactions. b) Limited access to your accounts. c) Convenience and accessibility 24/7. d) Higher fees than traditional banking.*

Which of the following is a key benefit of electronic banking for customers?Receiving paper statementsVisiting the bank branch frequentlyAccessing banking services outside of traditional banking hoursHaving limited transaction history

Which of the following is NOT a benefit of e-banking for banks?*1 pointa) Price savingsb) Customer base expansionc) Increased operational efficiencyd) Higher transaction fees

How are banks in developed countries primarily using the Internet?*1 pointA) As information delivery toolsB) As transactional websitesC) As non-branch banksD) As online marketplaces

Which type of banking does NOT require visiting a physical branch?a) Traditional banking b) Online banking c) Mobile banking d) Both b and c

An online banking system is an automated system since it allows the customers to perform activities on theiraccounts with the help of the internet, and all this without the interaction of the worker of the bank. For instance,one can inquire about the amount of money you have, transfer funds from one account to another or even makepayments for your bills through the use of the computer. All of these activities are done automatically by the systemafter you have programmed it to do so.