As a result of shared electronic banking facilities,

Question

Quizplus · Accepted Answer

Shared electronic banking facilities have made it easier for banks to reach customers without having to physically establish a branch in a new location. This has reduced the barriers to branching and allowed for greater competition in the banking industry. Therefore, option (A) is the correct answer as it correctly states that barriers to branching have become less burdensome due to shared electronic banking facilities. Option (B) is incorrect as it contradicts the previous statement and option (C) is also incorrectly mentions 'both' while only one option is true. Option (D) is also incorrect as it does not identify the correct impact of shared electronic banking facilities.

As a Result of Shared Electronic Banking Facilities