As banks and other FIs increase the use of technology,an unintended consequence may be that
A) cost savings are seldom realized.
B) customers are driven away because they still want to interact with a person for certain transactions.
C) innovation of new products tends to take longer periods of time to attract new customers.
D) the marginal cost of adding new customers tends to increase at an increasing rate.
Correct Answer:
Verified
Q61: Which of the following are potential benefits
Q72: Which of the following wholesale services offered
Q73: Which of the following occurs if the
Q74: Which of the following is NOT a
Q75: Which of the following implies reduced unit
Q77: Which of the following partially explains why
Q78: As of December 2014,which of the following
Q79: Which of the following implies that small
Q80: The expenses relating to increased technological improvements
Q81: Some analysts and regulators regard this risk
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents