Electronic banking involves _____.
A)end-of-month credit statements
B)the use of standardized credit systems on a national level
C)video-recording systems
D)the use of automatic teller machines and the instant processing of retail purchases

Question

Quizplus · Accepted Answer

Electronic banking involves the use of automatic teller machines (ATMs) and the instant processing of retail purchases. Thus, option D is the correct choice. End-of-month credit statements (option A) may be a part of electronic banking, but they are not the defining feature. The use of standardized credit systems (option B) is a broader concept, which encompasses electronic banking but is not limited to it. Video-recording systems (option C) are not a necessary or defining feature of electronic banking.

Electronic Banking Involves _____