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Question :

What does the letter ‘e’ denotes in the term ‘e- banking’?

Option 1:

Essential Banking

Option 2:

Economic Banking

Option 3: Electronic Banking

 

Option 4: Expansion Banking


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: Electronic Banking

 


Solution : The correct option is Electronic Banking

The term "e-banking" tends to refer to the use of computers to conduct financial transactions like cash withdrawals from cash registers or money transfers at points of sale. Alternatively, it is referred to as online or internet banking. Financial institutions like banks and credit unions transfer money back and forth. It is merely the use of telecommunications and electronic networks to transmit various financial services and goods. 

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