A Disadvantage of Virtual Banks (Clicks)is That

question 133

Multiple Choice

A disadvantage of virtual banks (clicks) is that

• A) their hours are more limited than physical banks.
• B) they are less convenient than physical banks.
• C) they are more costly to operate than physical banks.
• D) customers worry about the security of on-line transactions.

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Definitions:

Cash Receipts

The collection of money, including cash, checks, and credit card payments, received by a business during a period.

Minimum Cash Balance

The lowest amount of cash that a company or individual aims to hold in order to meet operational and transaction needs.

Net Operating Income

The profit generated from a business's core operations, excluding expenses and revenues from non-operating activities.

Estimated

Refers to approximate calculations or judgments about figures or values that are not precisely known.