The Business Hours and Location of a Financial Institution Refer

question 43

Multiple Choice

The business hours and location of a financial institution refer to the ____________ factor of selecting a financial institution.

• A)safety
• B)cost
• C)compounding
• D)liquidity
• E)convenience

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Definitions:

Efficiency

The ability to accomplish a task or produce an outcome with minimum waste of time, effort, or resources.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

Profitability

A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the resources used.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's expectations, desires, or needs.