Banks offering ____ nontraditional services will incur ____ noninterest expenses and ____ noninterest income.

Question

Quizplus · Accepted Answer

Banks offering more nontraditional services such as online banking, mobile banking, and financial planning services will incur higher noninterest expenses such as technology and marketing costs. However, these services also generate higher noninterest income through fees, commissions, and increased customer retention. Therefore, the correct answer is C - more nontraditional services result in both higher noninterest expenses and higher noninterest income.

Banks Offering ____ Nontraditional Services Will Incur ____ Noninterest Expenses

Banks Offering Nontraditional Services Will Incur Noninterest Expenses