Cyberbanking Offers All of the Following Advantages Except

question 45

Multiple Choice

Cyberbanking offers all of the following advantages except:

• A) It is convenient for customers.
• B) It saves time for customers.
• C) It includes inexpensive transactions for the bank.
• D) It can help recruit remote customers.
• E) It is more expensive for the customer.

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Definitions:

Past Performance

A review of an entity's previous achievements and results, often used to predict future success or potential.

Fair Presentation

An accounting principle that ensures financial statements are accurate, complete, and in adherence with applicable standards, providing a true representation of an entity's financial performance and position.

SEC Filings

Documentation companies are required to submit to the U.S. Securities and Exchange Commission (SEC), providing a comprehensive overview of a company's performance, financial condition, and management.

Press Releases

Official statements issued to the media to announce something of interest in a public manner, often used by companies to communicate with stakeholders.