Computer and the bank - SS2 Commerce Past Questions and Answers - page 1
How do computers benefit banks?
Computers enable banks to store and manage financial data.
Computers allow customers to withdraw cash at ATMs.
Computers provide physical security to bank branches.
Computers enable banks to store and manage financial data.
What is the main purpose of e-banking?
To provide physical banking services at bank branches.
To enable customers to access banking services remotely.
To facilitate in-person transactions at automated teller machines.
What is an example of an e-banking service?
Accessing your account balance online.
Writing a check to make a payment.
Visiting a bank branch to deposit cash.
What is the role of computers in transaction processing at banks?
Computers enable customers to withdraw cash at ATMs.
Computers ensure the accuracy and recording of transactions.
Computers provide physical security to bank branches.
Computers ensure the accuracy and recording of transactions.
What is the main benefit of e-banking?
Easy access to physical bank branches.
Long waiting times at bank tellers.
Cost savings on transportation to bank branches.
How does e-banking provide convenience to customers?
E-banking allows customers to access their accounts and perform transactions remotely, saving them
What are some security measures employed in e-banking?
Some security measures in e-banking include encryption, secure authentication methods, and monitoring systems to protect customer information and ensure secure transactions.