Which of the Following Are Potential Benefits of Technology for an FI

question 12

Multiple Choice

Which of the following are potential benefits of technology for an FI?

• A)Improved service quality, especially for customers of large banks.
• B)The rate of innovation of new products can be increased.
• C)FIs can more easily cross-market new and existing products to customers.
• D)Improved flexibility in financial transactions for retail customers.
• E)All of the options.

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Definitions:

Spreadsheet Program

A software application that enables users to organize, analyze, and store data in tabular form for various purposes including financial planning and managing information.

Outline

A general description or plan showing the essential features of something but not the detail.

Topic Headings

Descriptive titles used to organize sections or subsections within a document, making it easier to navigate and understand the content.

Organizing

The managerial function of arranging people and resources to work effectively together in order to achieve organizational goals.