Jonathan Robbins Has an Account in a Bank That Does

question 7

Multiple Choice

Jonathan Robbins has an account in a bank that does not have a physical branch.Jonathan does all of his banking business over the Internet.What type of bank does Jonathan have his account at?

• A)Virtual Bank
• B)Mortgage Bank
• C)Community Bank
• D)Minority banks
• E)None of the options are correct.

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Definitions:

Lateral Competition

Competition between companies that offer the same or similar goods or services within the same industry.

Sociocultural

The combination of social and cultural factors that affect individual development.

Demographic

Statistical data relating to the population and the particular groups within it, used in marketing, planning, and social studies.

Technological

Relating to or involving technology, especially in the context of new developments.