You receive a birthday check from your grandmother in the mail. It is pouring down rain, and you really do not feel like leaving your dorm to go to the bank to deposit your check. You remember that your bank allows you to take a picture of the front and back of a check in order to deposit it into your account-all from your mobile phone. This example illustrates which innovation in banking?
A) Overdraft protection
B) Convenient deposit options
C) Increased access to funds
D) Real-time monitoring of funds
E) Online banking
Question 2
The main disadvantage of internal recruiting is that:
A) there is always a lack of qualified candidates.
B) promoting an employee leaves another position to be filled.
C) it helps hold on to quality personnel.
D) job posting may be required.
E) it brings in unfamiliar ideas and perspectives.
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