Which of the Following Explains Why Internet Banks Often Offer

question 70

Multiple Choice

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

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

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Definitions:

Canadian Imperial Bank of Commerce v. Milhomens

A specific legal case, likely involving legal principles or judgments pertaining to the entities named.

Insanity

A legal defense claiming that a defendant was unable to understand the nature of their actions or distinguish right from wrong due to mental illness at the time of their crime.

Voidable Contract

An agreement that has legal effect but that one of the parties has the option to end.

Mental Faculties

The cognitive functions of the mind, including perception, reasoning, intuition, and memory.