Which of the Following Are Potential Benefits of Technology for an FI

question 96

Multiple Choice

Which of the following are potential benefits of technology for an FI?

• A)Improved service quality, especially for customers of large banks.
• B)The rate of innovation of new products can be increased.
• C)FIs can more easily cross-market new and existing products to customers.
• D)Improved flexibility in financial transactions for retail customers.
• E)All of these.

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Definitions:

NASCAR Team

A group or organization that competes in the National Association for Stock Car Auto Racing, consisting of drivers, crew members, and other supporting personnel.

Reward System

A reward system is a set of mechanisms or structures within an organization designed to motivate and compensate employees through financial and non-financial rewards.

Pit Crew

A team of specialists in auto racing responsible for maintaining and servicing the race car during a competition, ensuring optimal performance and safety.

Goal Difficulty

This concept pertains to the extent of challenge and effort required to achieve a stated objective.