What New Forms of Banking Have Been Spawned by the Advances

question 78

Essay

What new forms of banking have been spawned by the advances in information technology of the past two decades? Is it likely that traditional banks will disappear as a result of these innovations? Why?

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Definitions:

Müllerian Mimicry

A form of biological mimicry where two or more harmful species, that are not closely related, evolve to look similar, which reinforces the avoidance behavior in predators.

Defenseless Species

Species that lack physical defenses or behavioral strategies to effectively protect themselves from predators.

Dangerous Species

Species that pose a threat to human health or safety, either through direct aggression, toxicity, or disease transmission.

Keystone Species

A species that plays a crucial role in maintaining the structure of an ecological community, affecting many other organisms in an ecosystem.