Which of the following is NOT a characteristic of retail banking? Large number of transactions Standardized products Large-value relationships Large number of customers When a customer deposits money by ocen Tessor-Lessee
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The characteristic is a large number of transactions.
- Retail banking represents a specific subset of commercial banking in which services are typically offered to various individual retail clients for non-business-related reasons.
- It might be comprehended as the type of financial institution where a big clientele is given access to uniform banking products and services.
- The bank's current goal is to properly build a sizable client base in order to secure a steady source of funding.
- While there are many possible transactions in retail banking relative to volume, there are few transactions which are overall involved.
- The modest ticket size of transactions in this sort of banking is another essential characteristic that makes up retail banking.
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