Keys
August 29, 2024Database-Management-System
August 29, 2024Database-Management-System
| Question 640 |
__________ uses electronic means to transfer funds directly from one account to another rather than by cheque or cash.
| M-Banking | |
| E-Banking | |
| O-Banking | |
| C-Banking |
Question 640 Explanation:
E-Banking uses electronic means to transfer funds directly from one account to another rather than by cheque or cash.
E-banking (or) Online banking (or) internet banking:
It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
E-banking (or) Online banking (or) internet banking:
It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
Correct Answer: B
Question 640 Explanation:
E-Banking uses electronic means to transfer funds directly from one account to another rather than by cheque or cash.
E-banking (or) Online banking (or) internet banking:
It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
E-banking (or) Online banking (or) internet banking:
It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.