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Which of the following is an example of electronic banking?
O
A. Reconciling your checkbook on your computer
O
B. Wiring funds from one account to another
O
C. Trading stocks
O
D. Researching online-only banks

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Answer:

B. Wiring funds from one account to another

Explanation:

electronic banking can be defined as a process through which money is being transferred through electronic signal exchange rather than the traditional way of money exchange throug cheque or  documents.

Electronic banking facilities that uses electronic equipment are;

  • ATM
  • point of sale banking(POS)
  • fund transfer service
  • Mobile Banking,etc.

Answer: the answer is b. wiring funds from one account to another

Explanation: