Jonathan Robbins has an account in a bank that does not have a physical branch.Jonathan does all of his banking business over the Internet.What type of bank does Jonathan have his account at?
A)Virtual Bank
B)Mortgage Bank
C)Community Bank
D)Minority banks
E)None of the options are correct.

Question

Quizplus · Accepted Answer

Jonathan does all of his banking business over the Internet which implies that his bank does not have a physical branch. Such banks that operate entirely online are called virtual banks.

Jonathan Robbins Has an Account in a Bank That Does