Which of the following partially explains why cash management services have not attracted customers in Europe to the degree that they have in the US?
A)Prevalence of nationwide branching and banking in Europe.
B)Prevalence of interregional banking restrictions in Europe.
C)Prohibitive charges imposed for the use of domestic telephone lines in Europe.
D)Prohibitive charges imposed on such services in Europe.
E)None of the above.

Question

Quizplus · Accepted Answer

The prevalence of nationwide branching and banking in Europe means that customers have easier access to physical branches where they can withdraw and deposit cash, reducing the need for cash management services.

Which of the Following Partially Explains Why Cash Management Services