For Banks, Check-Processing Activities

question 161

Multiple Choice

For banks, check-processing activities

• A) still represent the cheapest way to permit customers use of their funds.
• B) are expensive and time consuming.
• C) are not trustworthy and reliable.
• D) are extremely efficient and have deterred customers from using other ways to access their funds.

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Definitions:

Components

Individual parts or elements that make up a larger product or system.

Promoted

Advanced in rank or position, often as recognition for job performance, skill, or contribution in a work environment.

Relational Orientation

A method of building a relationship with customers based on the philosophy that buyers and sellers should develop a long-term relationship.

Lifetime Profitability

The total net profit a company expects to earn over the entirety of its business relationship with a customer.