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.

---

Definitions:

Price Of Product

The monetary value assigned to a good or service that consumers are required to pay to acquire it.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level in a specific time period.

Midpoint Formula

A method used in geometry to determine the exact center point between two defined points on a line segment.

Price Elasticity Of Demand

An analysis of how variations in the price of a product affect its demand.