How is an online bank different from a retail bank


Asked by maham237 @ in Business viewed by 276 People


A. Online bank and retail bank refer to the same entity, so there is no difference between them.
B. An online bank has lower operating costs than a retail bank.
C. A retail bank has longer business hours than an online bank.
D. An online bank is a nonprofit entity, and a retail bank is a for-profit entity.

Answered by maham237 @



Answer:

B. An online bank has lower operating costs than a retail bank


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