Which of the Following Explains Why Internet Banks Often Offer

question 70

Multiple Choice

Which of the following explains why Internet banks often offer their customers better interest rates than traditional banks?

• A) Internet banks provide their customers a greater sense of security.
• B) Traditional banks charge lower prices for financial services.
• C) Internet banks have lower overhead costs.
• D) Traditional banks offer the electronic transfer of customer funds.

---

Definitions:

In-house

Activities or operations performed within an organization by its own members or employees, rather than by external parties.

Environmentally Friendly

Pertains to goods, services, and practices that cause minimal harm to the environment.

Business Today

Refers to the current state, practices, trends, and environments in the world of business, often discussed in the context of contemporary challenges and innovations.

Annual Output

The total value of goods and services produced by an economy, company, or individual within one fiscal year.