One factor contributing to the decline in cost advantages that banks once had is the ________.
A) decline in the importance of chequable deposits as part of a banks' source of funds
B) decline in the importance of savings deposits as part of a banks' source of funds
C) increase in the importance of chequable deposits as part of a banks' source of funds
D) increase in the importance of savings deposits as part of a banks' source of funds

Question

Quizplus · Accepted Answer

Chequable deposits used to be a major source of funds for banks, but they are becoming less important due to the rise of alternative payment methods (such as electronic transfers and digital wallets). As a result, banks are losing the cost advantages that they once had from having a large volume of chequable deposits.

One Factor Contributing to the Decline in Cost Advantages That