Banking Methods Quiz

What was the most commonly used method of banking at one time?

• Online banking

• Face to face in branch

• Mobile banking

• Telephone banking

What is one effect of the increase in online banking?

• More personable service

• Less personable service

• More bank branches

• Fewer customers

What has technology increased in banking?

• The number of bank branches

• The ways customers can communicate with banks

• The number of bank employees

• The amount of cash in banks

What is one disadvantage of online banking mentioned in the text?

• It is more expensive

• It is less secure

• It is less personable

• It is slower

What does the text suggest about face-to-face banking?

• It is the newest method

• It was the most common method

• It is the least secure method

• It is the fastest method

What is one reason for the change in banking methods?

• Increase in technology

• Decrease in technology

• More bank employees

• Fewer customers

What is one way customers can do banking without visiting a physical location?

• Online banking

• In-person banking

• Postal banking

• Newspaper banking

Which method of banking is likely the fastest for checking account balances?

• Mobile banking

• Postal banking

• Branch banking

• Telephone banking

Which method of banking might require you to wait for mail delivery?

• Postal banking

• Online banking

• Mobile banking

• Branch banking

Which method of banking involves visiting a physical location?

• Branch banking

• Online banking

• Mobile banking

• Telephone banking