- 20 Marks
EIB – JUL 2020 – L1 – Q6 – Banking Technology and Institutions
Effects of technology on bank transactions, ATM advantages, sources of funds, institutions promoting growth, and factors for universal banking.
Question
a. Name the effect of the modern technological advancementa on bank transactions.
b. Stete two advantages provided to the banks by the Automatic Tellcr Machine ( ATM )
c. What are the primary sourccs of bank funds?
d. Which institutions provide scrvices which directly promote economic growth?
e. What factor has forced the banks to adopt universal banking?
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