Why is the physical presence of a bank still important to many customers despite recent advances in long-distance communications technology?
Answer to relevant QuestionsWhy is the creation (chartering) of new banks closely regulated? What about nonbank financial firms?How well do most new banks perform for the public and for their owners?What services do ATMs provide? What are the principal limitations of ATMs as a service provider? Should ATM carry fees? Why?A group of businesspeople from Scott Island are considering filing an application with the state banking commission to charter a new bank. Due to a lack of current banking facilities within a 10-mile radius of the community, ...What are the essential differences among demand deposits, savings deposits, and time deposits?
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