High start-up costs cause online banks, such as E*Trade Bank, to have higher operating costs than traditional banks.

Name: High start-up costs cause online banks, such as E*Trade Bank, to have higher operating costs than traditional banks.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Online banks typically have lower operating costs than traditional banks because they do not have the expenses associated with maintaining physical branches, such as rent, utilities, and a large staff.

High Start-Up Costs Cause Online Banks, Such as E*Trade Bank