Which of the Following Is NOT a Retail Banking Service

question 92

Multiple Choice

Which of the following is NOT a retail banking service?

• A)Check deposit services.
• B)Point of sale/debit cards.
• C)Telephone bill paying services.
• D)Pre-authorized debits/credits.
• E)Automated teller machines.

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Definitions:

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Environmental Regulations

Laws and rules designed to protect the environment that set limits on pollution, require permits for certain activities, and impose penalties for violations.

Special Interests

Groups that seek to influence governmental or organizational decisions in favor of their specific concerns or objectives.

Transaction Costs

Expenses incurred when buying or selling goods or services, including search, bargaining, and enforcement costs of a deal.