Which of the Following Explains Why Online Banks Often Offer

question 17

Multiple Choice

Which of the following explains why online banks often offer their customers better interest rates than traditional banks?

• A) Online banks provide their customers a greater sense of security.
• B) Traditional banks charge lower prices for financial services.
• C) Online banks have lower overhead costs.
• D) Traditional banks offer the electronic transfer of customer funds.

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Definitions:

Unstated Assumptions

Implicit premises or beliefs that underpin arguments or decisions, which are not explicitly expressed.

Learning Tool

A resource, device, or strategy used to facilitate learning and improve understanding of a subject.

Psychological Knowledge

Understanding and insights related to the human mind and behavior, encompassing aspects of cognition, emotion, and interpersonal relationships.

Destructive Purposes

Activities or actions undertaken with the intention of causing harm or destruction to objects, systems, or beings.