13
practice testMultiple Choice

Practice Test

Question 13 • Personal Finance

What is one way banking has changed in the 21st century?

Answer
A
Customers can now apply for checking accounts at all banks.
B
Customers can now do banking on their computers or phones.
C
Customers can now get personal loans at local bank branches.
D
Customers can now open savings accounts that earn interest.

Explanation

Online and mobile banking let customers use computers or phones to check balances, transfer money, and handle other banking tasks. This is a major change in how people access banking in the 21st century. Checking accounts, personal loans, and interest-earning savings accounts existed before then.

AI-written and checked against the verified answer.

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