Which of the Following Are Potential Benefits of Technology for an FI

question 15

Multiple Choice

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)All of the listed options are correct.

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Real Hourly Wages

The hourly wage of workers adjusted for inflation, representing the purchasing power of the income.

Real Wages

Wages adjusted for inflation, giving a true measure of the purchasing power of earned income over time.

Hourly Wage

The amount of money paid to an employee for every hour worked.