Which type of banking does NOT require visiting a physical branch?a) Traditional banking b) Online banking c) Mobile banking d) Both b and c
Question
Which type of banking does NOT require visiting a physical branch?
- a) Traditional banking
- b) Online banking
- c) Mobile banking
- d) Both b and c
Solution
Understanding the Options
- Traditional Banking: This type involves visiting a physical branch to conduct transactions or receive services.
- Online Banking: This allows customers to perform banking activities over the internet, typically via a bank's website, without needing to visit a branch.
- Mobile Banking: Similar to online banking, it enables banking transactions through mobile devices using apps or mobile websites, also without requiring a physical branch visit.
- Both b and c: This option suggests that both online and mobile banking do not require branch visits.
Analyzing the Options
- Traditional banking clearly requires a physical visit, thus not fitting the criteria.
- Both online banking and mobile banking are designed to provide services without needing to go to a physical bank branch.
Final Answer
The correct answer is d) Both b and c.
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