Which of the following are the advantages of Mobile Banking?
A. Insecure
B. Fraud reduction
C. Time saving
D. Separate internet required
E. Increased efficiency
Choose the most appropriate answer from the options given below:
Codes

Correct option is A

The correct answer is (a) B, C, and E only.
Here's an explanation of the advantages of mobile banking:
B. Fraud reduction: Mobile banking often incorporates advanced security measures such as encryption, biometric authentication, and transaction verification methods, which can help reduce the risk of fraudulent activities and unauthorized access to accounts.
C. Time saving: Mobile banking allows users to perform banking transactions conveniently and quickly, without the need to visit a physical branch. It eliminates the time spent on traveling and waiting in queues, enabling users to manage their finances efficiently.
E. Increased efficiency: Mobile banking provides users with access to a wide range of banking services and features, including checking account balances, transferring funds, paying bills, and making investments. This accessibility and functionality increase efficiency in managing finances and conducting transactions on the go.
A. Insecure: This statement is incorrect. Mobile banking, when implemented with proper security measures, can be secure. However, it is essential for users to follow best practices such as using strong passwords, keeping devices updated, and avoiding sharing sensitive information.
D. Separate internet required: This statement is incorrect. Mobile banking typically utilizes the internet connectivity of mobile devices, and a separate internet connection is not required. Users can access mobile banking services through mobile data or Wi-Fi networks.
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