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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
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Solution

Understanding the Options

  1. Traditional Banking: This type involves visiting a physical branch to conduct transactions or receive services.
  2. Online Banking: This allows customers to perform banking activities over the internet, typically via a bank's website, without needing to visit a branch.
  3. 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.
  4. 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.

This problem has been solved

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