Business Esentials, Student Value Edition Plus 2017 MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
11th Edition
ISBN: 9780134796741
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 16.7QA
Summary Introduction
To explain: Why online banking offers those rates and the drawbacks of online-only banking.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
who are the researchers who have conducted research on Importance of Risk Management Mechanisms of the banking sector from a Customer's Perspective?
what research questions can be asked on importance of risk management mechanism of the banking sector from a customer's perspective
Athena Bancorp's philosophy around human resources and technology was designed to support a purpose and strategy that gave the bank an advantage in terms of:
Reducing transactions costs and making it more difficult for unqualified applicants to get a loan
Building relationships with big businesses and providing them with unparalleled enterprise services
effectively serving customers, particularly those at the lower end of the credit spectrum
Building a portfolio of financial assets that would be attractive to investors and potential buyers
None of the above
Impact of electronic banking on customer satisfaction?
Chapter 16 Solutions
Business Esentials, Student Value Edition Plus 2017 MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
Ch. 16 - Prob. 16.1QRCh. 16 - Prob. 16.2QRCh. 16 - Prob. 16.3QRCh. 16 - Prob. 16.4QRCh. 16 - Prob. 16.5QACh. 16 - Prob. 16.6QACh. 16 - Prob. 16.7QACh. 16 - Prob. 16.8QACh. 16 - Prob. 16.9AECh. 16 - Prob. 16.10AE
Ch. 16 - Prob. 16.11ACh. 16 - Prob. 16.12ACh. 16 - Prob. 16.13ACh. 16 - Prob. 16.14ACh. 16 - Prob. 16.15ACh. 16 - Prob. 16.16TECh. 16 - Prob. 16.17TECh. 16 - Prob. 16.18TECh. 16 - Prob. 16.19TECh. 16 - Prob. 16.20TECh. 16 - Prob. 16.21EECh. 16 - Prob. 16.22EECh. 16 - Prob. 16.23EECh. 16 - Prob. 16.24CCh. 16 - Prob. 16.25CCh. 16 - Prob. 16.26CCh. 16 - Prob. 16.27CCh. 16 - Prob. 16.28CCh. 16 - Prob. 16.29CCh. 16 - Prob. 16.30CCh. 16 - Prob. 16.31CCh. 16 - Prob. 16.32CCh. 16 - Prob. 16.33C
Knowledge Booster
Similar questions
- What are the types of RIBA and GHARAR? Which types of Riba and Gharar are found in conventional banking transactions? Give at least one example of each from your daily life/banking industry.arrow_forwardIf a person has ATM fees each month of $19 for 9 years, what would be the total cost of those banking fees?arrow_forwardWhen utilizing the SWOT Analysis as the medium, how is job loss and long lines at ATMs a weakness for the banking industry?arrow_forward
- Hi, I don't understand why you'd credit prepaid insurance if its an asset account which is debited when increased. Can you elaborate?arrow_forwardhow do banks improve their net income to increase Return on Equity? what are the risk implications ?arrow_forwardExamples of the fixed costs and variable costs of establishing such a new branch of Bank? and existing branches?arrow_forward
- (1) Do you use a mobile banking app now? If so, whatare its advantages and disadvantages compared todoing your banking in person at a physical bankbranch? (2) Would you be comfortable leaving yourretirement portfolio in the hands of a robo adviser?Why or why not?arrow_forwardDigital banking makes life easier for consumers, digitalization has change the face of banking, People are increasingly enjoying the simplicity of managing all their finances in one place, setting up automatic payments or making deposits, anytime and anywhere, without the need to queue in a bank. Artificial Intelligence and Machine learning are the buzz words nowadays in banking”. Discuss and also throw light on recent trends in banking?arrow_forwardAt the end of the day, banks have to make money to survive. They make their money by charging interest on loans, or by selling CDs (Certificate of Deposit). In both cases, they intend to make money off of your money! Before a bank enters into a legal contract with you as their customer, they want to know all they can about you, your financial history, your current situation, and your financial future so they can make a wise choice. To make these decisions, banks walk very fine lines of ethics and privacy. Describe the internal activities a bank manager should engage in to make sure employees are aware of required compliance with the Policy - be specific.arrow_forward
- “Because diversification is a desirable strategy for avoiding risk, it never makes sense for a bank to specialize inmaking specific types of loans.” Is this statement true,false, or uncertain? Explain your answerarrow_forwardToday, banks do much more than accept deposits or make loans. They provide a variety of financial service to meet the diverse requirements of their customers.The link between the customer and the bank is the banker. To serve customers well and fulfil their responsibilities, bankers must have a through working knowledge of banks products, service, policies, and practices.Banks also contribute to the community, the economy, and the welfare of the nation. As businesses that operate for the benefit of their shareholders, banks seek ways to operate efficiently and profitably. To achieve all these goals, banks form business alliances, merge with or acquire other financial institutions, and support technological innovations to deliver and streamline operations.Required:a) Discuss why banks are special in every society.b) Discuss two specific financial services provided by banks to meet the need of Small and Medium Enterprise (SME) in Ghana. c) Discuss three ways in which banks use to make…arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill Education
Management (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSON
Business Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSON
Fundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON