A disadvantage of virtual banks (clicks)is that
A) their hours are more limited than physical banks.
B) they are less convenient than physical banks.
C) they are more costly to operate than physical banks.
D) customers worry about the security of on-line transactions.

Question

Quizplus · Accepted Answer

One of the main concerns of customers when using virtual banks is the security of online transactions. Since virtual banks operate solely online, there is a risk of fraud and cyber-attacks that can compromise customers' personal and financial information. This can be a significant disadvantage of virtual banks compared to physical banks, where customers can interact with bank personnel directly and feel more secure in their transactions.

A Disadvantage of Virtual Banks (Clicks)is That