Consumer Banks Need to Reassess Their Business Strategies Because of Pressures

question 39

Multiple Choice

Consumer banks need to reassess their business strategies because of pressures and challenges, which include all of the following except ________________.

• A) Limited growth opportunities
• B) PayPal, Mint, and Prosper are eroding their customer base
• C) Fierce competition has decreased revenues
• D) Lower risk and regulatory constraints

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Definitions:

Work-study Grant

A form of financial aid awarded to students based on need, allowing them to work part-time jobs while attending school to help fund their education.

Health Fees

Charges or costs associated with medical services, treatments, or health-related activities.

Special Fees

Additional charges that may be applied for specific services, facilities, or considerations, beyond the base cost of a product or service.

Surcharges

Surcharges are additional fees or charges added to the cost of a good or service, often to cover increases in operational costs or to provide additional services.