An advantage of electronic banking is that it

Assessment: JAMB UTME - Economics - 2007 Subject: Economics

Question 1 Report

An advantage of electronic banking is that it
Answer Details
One advantage of electronic banking is that it enables a customer to operate their account from different locations. Electronic banking, also known as online banking or internet banking, allows customers to access and manage their bank accounts using electronic devices such as computers, smartphones or tablets, as long as there is internet access. This means that customers can check their account balance, make payments, transfer funds, and perform other banking transactions from wherever they are, without the need to visit a physical bank branch. This can save time and effort for customers who are unable to visit a bank branch during regular business hours or who are located far away from a bank branch.

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