Register
What are the different components that electronic banking provides?
135,229 views
27 votes
27 votes
What are the different components that electronic banking provides?

User Vitaly Isaev
by
2.9k points

2 Answers

12 votes
12 votes

Answer:

Effiency, you can't spend more than you have.

Step-by-step explanation:

Electrical banking allows you to make purchases online much quicker rather than punching in the numbers for your credit/debit card. And with electrical banking, the money comes directly from your account unlike a credit card its the banks money so if you spend to much, you're in debt, but that can't happen with electrical banking.

User Mr Menezes
by
2.7k points
21 votes
21 votes
Electronic banking provides safety of your money, and allows you to monitor transactions.
User MCBama
by
3.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15,000. Several months later in the same year after the gift, a $500 dividend
Link Copied!