Improved computer technology has made home banking a reality. Home banking has advantages for both the customer and the bank.
A)It is more heavily regulated by the government and banks can lower transactions costs.
B)It is more convenient for the customer and banks can charge customers higher convenience fees.
C)It is harder to monitor customers and customers are limited to making transactions at specific times.
D)It is more convenient for the customer and lowers transactions costs for the bank.

Question

Quizplus · Accepted Answer

Improved computer technology has made home banking more convenient for the customer and also lowers transactions costs for the bank. This option is the most accurate as it reflects both the advantages for the customer and the bank. Option A is only focused on the bank, while option B only talks about the convenience for the customer and the bank charging fees. Option C emphasizes the difficulty in monitoring customers and limits on transaction times, which may not be entirely accurate as online transactions can be monitored and often have round-the-clock access.

Improved Computer Technology Has Made Home Banking a Reality