As information technology improves,the lending role of financial institutions such as banks should
A)increase somewhat.
B)decrease.
C)stay the same.
D)increase significantly.

Question

Quizplus · Accepted Answer

As information technology improves, there are more options for individuals and businesses to obtain loans online or through alternative lending sources, which may reduce the need for traditional bank loans. Additionally, technology allows for more efficient credit evaluation, reducing the need for human intervention in the lending process. Therefore, the lending role of financial institutions such as banks should decrease.

As Information Technology Improves,the Lending Role of Financial Institutions Such