You receive a birthday cheque from your grandmother in the mail. It is raining and you really do not feel like leaving your dorm to go to the bank to deposit your cheque. You remember that your bank allows you to take a picture of the front and back of a cheque in order to deposit it into your account-all from your mobile phone. This example illustrates which innovation in banking?
A) overdraft protection
B) convenient deposit options
C) increased access to funds
D) real-time monitoring of funds
Correct Answer:
Verified
Q69: Suzanne is considered a member of her
Q70: You are so thankful that your employer
Q71: Lana's business has two accounts at a
Q72: Which of the following is protected by
Q73: It is Saturday night at 11:00 p.m.,
Q75: The CDIC provides basic deposit insurance of
Q76: Why does Laura keep only $100,000 combined
Q77: Canaccord Genuity is a brokerage and banking
Q78: Jeff and Nathan are going to a
Q79: The responsibility for insuring deposits against bank
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents