Banks Have Recently Begun to Install ATMs in Supermarkets to Address

question 44

Multiple Choice

Banks have recently begun to install ATMs in supermarkets to address customers' wants for instant cash when they go shopping. What type of utility are banks creating for customers?

• A) Form
• B) Possession
• C) Place
• D) Ownership

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Definitions:

Modernize Economies

The process of adopting new technologies, implementing policy reforms, and updating infrastructures to improve a country's economic performance and productivity.

Own Property

The legal right or interest that an individual or entity has in an asset, allowing them to possess, use, and dispose of it.

Increasing Younger Workforce

A trend where businesses experience an influx of younger employees, impacting workplace dynamics and expectations.

Asset Bubbles

A market phenomenon characterized by rapid increases in the valuation of a particular asset class above its fundamental value, followed by a sudden crash.