Banking Services and Features

The video emphasizes the importance of providing diverse banking services to meet customer needs. It highlights various types of banking, including 24-hour, high interest, anytime withdrawal, and offshore banking, ensuring comprehensive service offerings.

Why is it important for banks to offer a variety of services to their customers?

• To meet customer needs and preferences

• To comply with government regulations

• To reduce operational costs

• To increase their profits

What is a key feature of 24-hour banking?

• It is only available to premium customers

• It allows transactions at any time of the day

• It requires a minimum balance

• It offers higher interest rates

Which type of banking service is designed to offer higher returns on deposits?

• Offshore banking

• High interest banking

• 24-hour banking

• Anytime withdrawal banking

What is the main advantage of anytime withdrawal banking?

• It provides higher interest rates

• It is available only to business accounts

• It offers tax benefits

• It allows customers to withdraw funds without restrictions

Which banking service is typically associated with international financial management?

• Anytime withdrawal banking

• High interest banking

• Offshore banking

• 24-hour banking