All of the Following Observations Concerning Banking Are True Except

question 100

Multiple Choice

All of the following observations concerning banking are true except

• A) banking is becoming an increasingly technology-driven business.
• B) banks have learned the value of bundling services.
• C) to prevent a loss of a large portion of their customer base, many of the leading banks are offering home banking systems.
• D) competition between banks and other financial institutions is greatly declining.

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Definitions:

Demand Shift

A change in the quantity demanded at every price point, often caused by factors like consumer preferences, income, and price of related goods.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a specific price.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Exercised

Pertains to the act of utilizing or applying a right, option, or faculty, often in context but not limited to physical activities or financial options.