16-53 Which of the Following Are Potential Benefits of Technology

question 27

Multiple Choice

16-53 Which of the following are potential benefits of technology for an FI?

• A)Service quality,especially for customers of large banks.
• B)The rate of innovation of new products has increased.
• C)FIs can more easily cross-market new and existing products to customers.
• D)Only two of the above are benefits.
• E)All of the above.

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Definitions:

Client Relationship

The professional and ongoing association between a service provider and their client, often governed by an agreement and characterized by trust and confidentiality.

Legal Professionals

Individuals professionally qualified to offer advice, conduct lawsuits, or represent clients in legal matters, such as lawyers and judges.

Being Collaborative

Working together with one or more people in order to achieve a common goal or complete a task.

Being Entrepreneurial

The act or mindset of identifying and starting new business ventures, especially in areas of high risk or innovation.