Question

question 5 of 10
rochelle recently used her cell phone to transfer money from her savings account to her checking account. this is considered to be what type of electronic banking service?
a. transactional service
b. cell service
c. customer service
d. nontransactional service

Explanation:

A transactional service involves actual financial transactions like money transfer. Since Rochelle transferred money (a financial transaction) from savings to checking account via cell phone, it fits transactional service. Cell service is about phone network, customer service is about assisting customers (not specific to transactions), and non - transactional service doesn't involve such money - moving actions.

Answer:

A. Transactional service