Which of the Following Explains Why Online Banks Often Offer

question 17

Multiple Choice

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

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

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Definitions:

Functionalist

Pertaining to a perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.

Labour Market Conditions

The various factors affecting the supply and demand for labor, including unemployment rates, job availability, wage levels, and the qualifications required for employment.

Elderly

Referring to individuals of an older age, typically those who are beyond middle age and often considered senior citizens, usually over the age of 65.

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, communicate, and build their social world through interactions.