As banks have increased the use of technology over the past 20 years,
A)noninterest income as a percent of total operating income has approximately doubled.
B)there has been a decrease in the importance of both Fedwire and CHIPS.
C)there has been an increase in negative net present value because of the speed in which rivals can replicate innovations.
D)banks no longer need to consolidate because they can access customers worldwide through internet services.
E)noninterest expense as a percent of total operating income has decreased as supporting branch banking has decreased in importance.

Question

Quizplus · Accepted Answer

As banks have increased the use of technology, they have been able to generate more noninterest income through services such as online banking and electronic payment processing, causing the percentage of noninterest income as a part of total operating income to approximately double.

As Banks Have Increased the Use of Technology Over the Past