A Bank Intends to Offer Its Financial Services Via the Internet

question 12

Multiple Choice

A bank intends to offer its financial services via the Internet. Customers with a personal computer and modem can request a transaction at any time. The bank needs to lease the equipment needed
At an annual cost of £15,000. Each transaction costs the bank £0.56p. It plans to charge customers
£0) 75p for each transaction regardless of size. In order for the service to break even, how many
Customers must access the system each year?

• A) 106,357
• B) 78,947
• C) 48,797
• D) 63,127
• E) 195,647

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Definitions:

Paternalist Ethos

A social attitude that emphasizes the need for authorities to guide or restrict the actions of those deemed less experienced or capable, often justified by a belief in the latter's best interest.

Nat Turner's Rebellion

A slave rebellion led by Nat Turner in Virginia in 1831, which resulted in the deaths of dozens of white people and led to harsher laws against slaves.

Nullification Crisis

The 1832 attempt by the State of South Carolina to nullify, or invalidate within its borders, the 1832 federal tariff law. President Jackson responded with the Force Act of 1833.

Prime Field Hand

In historical contexts, especially during slavery in the United States, a term referring to enslaved African Americans who were considered to be the most physically capable and thus assigned to demanding field labor.