ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Convenient
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Accessible 24/7
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Makes you money
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Used anywhere
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Detailed explanation-1: -The key advantages of internet banking are: Easier bill payments. You can send payments using your bank’s online banking platform. That means you don’t have to write out checks and to go to the post office to buy stamps and mail bills-and then worry whether they will arrive on time to avoid late fees.
Detailed explanation-2: -While easy access is one of the many benefits of online banking, it also makes banking highly convenient. The need of waiting in long queues at the bank is completely eliminated. Moreover, with mobile banking option available for most banks, transfers and payments have become easier.
Detailed explanation-3: -Transferring Funds. With internet banking, you can transfer money from one account to another. Booking Deposits. Paying Bills & Recharging. Tracking Account and Checking balances. Placing Orders For Bank Products. Add-on Services. 01-Feb-2022
Detailed explanation-4: -Bank accounts offer convenience. For example, if you have a checking account, you can easily pay by check or through online bill pay. Bank accounts are safe. It’s an easy way to save money. Bank accounts are cheaper. Bank accounts can help you access credit.