Question

Rank the following types of banking transactions by their associated costs, from lowest to highest price.

A: Using PC software to complete a banking transaction
B: ATM Transaction
C: Transaction over the Internet
D: Face to face transaction with a bank teller

A. B, D, C, A
B. C, A, B, D
C. D, B, A, C
D. A, C, B, D

Answer 1

Once society and business develop confidence in IT and

are comfortable with the technology, significant increases in

efficiency will be possible. For example, a banking transaction

involving a teller averages $1.07, a telephone transaction costs

54¢, transaction made through an ATM costs 27¢, banking

with a PC software program costs 1.5¢ and an Internet-based

transaction only costs one cent. The cost of a similar online

banking transaction is one cent.

Step-by-step explanation:

Answer 2

Answer:C

Step-by-step explanation:

Before any transaction can be done an individual must first appear to the bank teller either by depositing or collecting a check

Then using the ATM could occur either by withdrawing cash or transfer