Chapter 14, Problem 13AA

To determine

To evaluate:The uses of electronic banking is increasingly common today.

Explanation of Solution

Electronic banking is an innovation in the banking system and due to the convenience to use making easily to adopt by the people in the current time. For instance, by simply typing in the log-in credentials customers can enjoy quick access to online accounts. Beyond this, consumers can also manage several accounts at once. Since the internet remains the connecting medium, users can also access various accounts from a single device in different banks. There's no waiting or rushing for it it’s making all the banking transfers with patience and it's going to be done as soon as possible, the time it's spent walking down to the bank and doing it. In addition, banks typically provide more credit and debit card deals and discounts used by clients who have online accounts.