Types of Banking

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16. What is virtual banking?

a) Banking services offered through virtual reality technology

b) Banking services offered through traditional brick-and-mortar branches

c) Banking services offered internationally

d) Banking services offered through online platforms without physical branches

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17. What is green banking?

a) Banking services offered to individuals with environmental concerns

b) Banking services offered through traditional brick-and-mortar branches

c) Banking services offered internationally

d) Banking services offered through online platforms

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18. What is universal banking?

a) Banking services offered to individuals

b) Banking services offered to businesses

c) Banking services offered internationally

d) Banking services offered by banks that engage in all types of banking activities

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19. What is offshore banking?

a) Banking services offered on offshore islands only

b) Banking services prohibited for offshore clients

c) Banking services offered to individuals resident outside the country

d) Banking services offered to international clients only

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20. What is investment management banking?

a) Banking services related to investment activities such as mergers, acquisitions, and underwriting securities

b) Banking services related to managing investments of clients

c) Banking services offered to individuals with high net worth

d) Banking services related to investment activities specific to management professionals

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