Which of the following is a benefit of online banking?
Practice Questions
Q1
Which of the following is a benefit of online banking?
Limited access to funds
Convenience of managing accounts anytime
Higher fees
In-person customer service
Questions & Step-by-Step Solutions
Which of the following is a benefit of online banking?
Correct Answer: The convenience of managing accounts anytime
Step 1: Understand what online banking is. It allows you to manage your bank accounts using the internet.
Step 2: Think about when you can access your bank account. With online banking, you can do this anytime, day or night.
Step 3: Consider how this is different from traditional banking. Traditional banking usually requires you to go to a bank branch during specific hours.
Step 4: Realize that being able to manage your accounts anytime is very convenient. This is a major benefit of online banking.
