The decline in traditional banking internationally can be attributed to
A)increased regulation.
B)improved information technology.
C)increasing monopoly power of banks over depositors.
D)increased protection from competition.

Question

Quizplus · Accepted Answer

The decline in traditional banking is largely due to technological advancements that have led to the growth of online and mobile banking. Customers now have greater access to banking services and can complete transactions without the need for physical branch locations. This has also led to increased competition from non-traditional players, such as fintech companies, which are offering innovative digital solutions to consumers. While increased regulation and protection from competition may also contribute to the decline, the most significant factor is the shift towards digital banking.

The Decline in Traditional Banking Internationally Can Be Attributed to