Which of the following is considered the most important advantage of online banking for financial institutions?
A) Increased security
B) Lower cost of technology assistance for customers
C) Increased numbers of personnel
D) Larger numbers of technology-capable customers
E) Lower cost of processing large numbers of transactions

Question

Quizplus · Accepted Answer

The most important advantage of online banking for financial institutions is the lower cost of processing large numbers of transactions. Online banking allows for increased automation, which reduces the need for manual processing and lowers costs for financial institutions. This also enables financial institutions to scale more efficiently, accommodating larger numbers of transactions without significantly increasing costs. Additionally, lower costs allow for increased competitiveness in the market. Therefore, option E is the best choice.

Which of the Following Is Considered the Most Important Advantage