Question

question 6 of 10
which of the following is a benefit of doing business with an online bank?

a. 24 hours/7 days a week business hours

b. higher loan rates

c. personalized service

d. variety of deposit locations

Explanation:

Online banks operate digitally, so they can offer services 24/7 (unlike traditional banks with limited hours). Higher loan rates (B) are a disadvantage. Personalized service (C) is more typical of traditional banks with in - person interactions. Online banks have no physical deposit locations, so (D) is incorrect. Thus, 24/7 business hours is a key benefit of online banks.

Answer:

A. 24 hours/7 days a week business hours