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The Process of Performing Banking Transactions with a Smartphone or Personal

question 28

Multiple Choice

The process of performing banking transactions with a smartphone or personal digital assistant (PDA) is known as ____ banking.


Definitions:

Capital Gains

Capital Gains are the profits realized from the sale of assets such as stocks, bonds, or real estate, which exceed the purchase costs.

Stock Split

A corporate action that increases the number of shares outstanding by issuing more shares to current shareholders.

Market Price

The present price for which a service or asset is available for purchase or sale in a market.

Shares Outstanding

The total number of a company’s shares that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

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