Which of the following is/are considered an intangible banking service?
I. Lines of Credit
II. Providing consultation on such matters as economic conditions and mergers

Question

Quizplus · Accepted Answer

An intangible banking service is a non-physical service that does not involve the transfer of a tangible item from the provider to the consumer. Lines of credit can be considered tangible as they involve the actual transfer of funds. However, providing consultation on matters such as economic conditions and mergers is an intangible banking service, as it involves the transfer of knowledge and expertise without any physical item being exchanged.

Which of the Following Is/are Considered an Intangible Banking Service