Question

The practice of conducting banking transactions from home rather than at branch locations is known as

• A. Retail banking
• B. Home banking
• C. Branch banking
• D. Corporate banking

Answer 1

Answer:

B. 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.