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DIGITAL BANKING Flashcards | StudBud
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DIGITAL BANKING
DIGITAL BANKING
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Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
How does digital banking provide access to accounts?
C) Limited access on weekends
B) 24/7 access
D) Only via phone calls
A) Only during bank hours
2
Digital banking allows users to manage their money only through bank branches.
False
True
3
Digital banking began to gain popularity in the 2000s with the rise of internet banking.
False
True
4
Cybersecurity threats are not a major challenge for digital banking.
True
False
5
Which technology is shaping the future of digital banking?
A) Blockchain
D) Telephone banking
C) Fax machines
B) Artificial Intelligence (AI)
6
What does digital banking allow users to do?
A) Manage their money online
D) None of the above
B) Only visit bank branches
C) Handle cash transactions
