As Banks and Other FIs Increase the Use of Technology

question 65

Multiple Choice

As banks and other FIs increase the use of technology, an unintended consequence may be that

• A)cost savings are seldom realized.
• B)customers are driven away because they still want to interact with a person for certain transactions.
• C)innovation of new products tends to take longer periods of time to attract new customers.
• D)the marginal cost of adding new customers tends to increase at an increasing rate.
• E)None of these.

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Definitions:

Mathematical Arguments

Logical reasoning based on mathematical principles and evidence to support assertions or hypotheses.

Informed Decisions

Choices made based on a clear understanding of all relevant information and implications.

Dichotomous Conceptualization

The classification of phenomena into two distinct and mutually exclusive categories.

Counseling Profession

A field dedicated to providing therapeutic services to individuals, families, or groups to improve mental health and well-being.