Lower Fees and Better Interest Rates Motivate Customers to Open

question 52

True/False

Lower fees and better interest rates motivate customers to open accounts with online banks. However, the lack of personal service and concern for information security encourages some customers to return to a traditional bank.

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Definitions:

Elderly

Referring to older adults or aging individuals, often considered to be those aged 65 and above, who may face unique health and social challenges.

Anglo Americans

Individuals of English descent in the United States, or more broadly, English-speaking Americans of European ancestry.

Native Americans

Refers to the indigenous peoples of the United States, including their cultures, histories, and present-day communities.

Alcohol-Related Causes

Pertains to health conditions, injuries, or diseases that are directly or indirectly caused by the consumption of alcohol.