Question

The capability to conduct a wide range of financial transactions, that require interaction with the bank while a person is in a distant location is referred to as

• A. home banking
• B. branch banking
• C. telephone banking
• D. internet banking

Answer 1

Answer:

A. home banking

Home Banking:

• Home banking is the practice of conducting banking transactions from home rather than at branch locations.
• Home banking generally refers to either banking over the telephone or on the internet.
• The home banking is referred to as the capability to conduct a wide range of financial transactions that require interaction with the bank while a person is in a distant location.