Question

question 1 of 25
what is a benefit of online banking?

a. typically higher interest rates

b. ability to do banking anytime

c. customer service

d. no risk of identity theft

Explanation:

• Option A: Online banks don't always have higher interest rates, and it's not a defining benefit of online banking's core functionality.
• Option B: Online banking allows access 24/7, so users can perform transactions or manage accounts at any time, which is a key benefit.
• Option C: Customer service is not unique to online banking; traditional banks also offer it.
• Option D: Online banking has risks of identity theft (e.g., phishing), so this is incorrect.

Answer:

B. Ability to do banking anytime