What is one major advantage of using mobile money services?
VOICED : Pocket change: Myanmar banks on mobile money

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Business
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10th Grade - University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It requires a physical visit to the bank.
It is only available during office hours.
It allows quick and easy cash transfers.
It takes a long time to process transactions.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do many people in Myanmar prefer not to use traditional banks?
ATMs are widely available.
Banks are open 24/7.
There is a lack of trust due to past financial issues.
Banks offer higher interest rates.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common alternative to storing money in banks for people in Myanmar?
Investing in real estate.
Keeping money under the mattress or converting it to gold.
Using digital currencies.
Depositing in foreign banks.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How have technological advancements impacted banking in Myanmar?
They have enabled the rise of mobile banking services.
They have decreased the use of smartphones.
They have led to more bank branches opening.
They have made traditional banks more popular.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a limitation of traditional banks compared to mobile banking services?
They provide instant transaction notifications.
They are more accessible in rural areas.
They only allow transactions during office hours.
They offer more flexible transaction hours.
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