Question

Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed as ______ a.) Internet banking b.) telephone banking c.) mobile banking D.) modern banking​

Answer 1

Answer:

a) Internet Banking

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Answer 2

Answer:

(A) INTERNET BANKING.

Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed as INTERNET BANKING.

Explanation:

Internet banking, also known as web-based banking, e-banking or virtual banking, is an electronic instalment system that enables customers of a bank or other financial institution to lead a scope of financial transactions through the financial institution's website.

Internet banking provides-

Easier bill payments- You can send payments using your bank's internet banking stage. That means you don't need to work out checks and go to the post office to purchase stamps and mail bills — and afterwards stress whether they will show up on the opportunity to keep away from late fees.

Every minute of everyday account access.- Whether you're an extended get-away or it's late evening, you can deal with your banking. That includes holidays when your bank is closed.

Simpler asset transfers- It's easy to move funds between your accounts, such as from checking to savings, using internet banking.

Better access to bank records-Whether you really want banking records for charge purposes or personal records, you can download statements and transaction records to print them at home.

Further developed visibility of record balances and transactions- Knowing your record balances is always a couple of clicks away. You can also check to ensure a transaction has cleared and watch out for unapproved transactions so you can dispute them right away.

Capacity to sync your accounts with your apps- Online banking allows you to transfer data from your accounts to Quicken, Microsoft Money, Microsoft Excel, and different applications.