Some people feel that all individuals are entitled to some minimum level of financial services,no matter what their income level is.This issue is often called:
A)lifeline banking.
B)preference banking.
C)nondiscriminatory banking.
D)lifeboat banking.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

Lifeline banking refers to the idea that every individual, regardless of income level, should have access to basic financial services such as a checking account, savings account, and simple loans. It aims to ensure that everyone has access to the basic financial tools needed to manage their money and improve their financial well-being. Lifeline banking is often seen as an important component of financial inclusion efforts, which aim to expand access to financial services to traditionally underserved populations.

Some People Feel That All Individuals Are Entitled to Some