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:

Vacation Packages

Pre-arranged travel plans offered by agencies, including components like flights, hotels, and activities, often at a bundled price.

Price-cost Margins

The difference between the selling price of a product and its production cost, indicating the profit margin per unit sold.

Beverage Merger

A process where two or more companies producing drinks agree to operate as a single business entity, usually to enhance market share, efficiency, or competitiveness.

DS Services of America

A beverage company that specializes in water delivery and coffee service to homes, offices, and retail establishments in the United States.