114k views
5 votes
Which of the following is an example of electronic banking?

A. using erma to process customers checks is
B. issuing stocks to raise capital
C. using a digital machine to print money
D. exchanging two different curriencies at an exchange office

User Irfan Wani
by
8.1k points

1 Answer

2 votes

Answer:

Step-by-step explanation:

A. using an ATM to process customers' checks is an example of electronic banking.

Electronic banking refers to the use of electronic means, such as computers, smartphones, and other digital devices, to perform banking transactions. Examples of electronic banking include using an ATM to withdraw cash, using online banking to check account balances, and using mobile banking to transfer money.

B. issuing stocks to raise capital, is not an example of electronic banking. It is a way for companies to raise money by issuing shares of ownership in the company.

C. using a digital machine to print money is not an example of electronic banking, it is considered illegal to print money.

D. exchanging two different currencies at an exchange office is not an example of electronic banking. It is a financial transaction that involves exchanging one currency for another at a specified exchange rate.

User Txyoji
by
8.0k points