Lloyds Bank to Confirm 9000 Jobs Cuts
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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons Lloyds Banking Group is closing branches?
To automate services and reduce costs
To hire more employees
To focus on international expansion
To increase the number of physical locations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does it cost to serve a customer using mobile or online banking compared to a bank branch?
£2.50 in a branch, 30p at a cash point, 2.5p online
£5.00 in a branch, 50p at a cash point, 5p online
£1.00 in a branch, 20p at a cash point, 1p online
£3.00 in a branch, 40p at a cash point, 3p online
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Payam initiative?
A mobile payment system using phone numbers
A new type of bank branch
A government tax policy
A financial aid program for banks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What legacy of the financial crash is mentioned in relation to banks like Lloyds?
Higher interest rates
Expansion into new markets
A massive bill for restructuring
Increased profits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What controversial change is Lloyds expected to announce regarding bank tellers?
Reducing teller working hours
Increasing teller salaries
Replacing real tellers with virtual ones
Hiring more tellers
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