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Advantages and Disadvantages - Internet Banking

Matilde Jordão

Created on March 10, 2024

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Transcript

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Instructions

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Advantages and Disadvantages

INTERNET BANKING

TEAMS

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DISADVANTAGE

What precautionary measure is essential to protect online banking accounts from fraudulent activities? a. Frequent site crashes b. Sharing account information openly c. Regularly updating passwords d. Relying solely on computer technology

ADVANTAGE

What is a feature of online banking that contributes to its effectiveness in asset management? a. Limited tools and resources b. Lack of real-time stock quotes c. Sophisticated tools, including stock quotes and rate alerts d. Manual tracking of assets required

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DISADVANTAGE

"Is there a fee for internet banking services in Portugal?"

DISADVANTAGE

What external threat poses a risk to online banking security? a. User inexperience b. Site crashes c. Hacker attempts for fraudulent activities d. Transparent transactions

ADVANTAGE

How does the transaction speed of online banking compare to ATM processing speeds? a. Slower than ATM processing b. Quicker than ATM processing c. Depends on the day of the week d. Same or quicker than ATM processing

DISADVANTAGE

What technological problems might face in online banking? a) Excessive website crashes b) Underestimation of security measures c) Unnecessary system updates d) Browser compatibility issues

What is a key advantage of online banking in terms of convenience? a. Limited operating hours b. Accessible only during weekdays c. Available 24/7 d. Requires physical presence

ADVANTAGE

ADVANTAGE

What is a feature of online banking that contributes to its effectiveness in asset management? a. Limited tools and resources b. Lack of real-time stock quotes c. Sophisticated tools, including stock quotes and rate alerts d. Manual tracking of assets required

DISADVANTAGE

The inability to see someone in person contributes to the doubts among some users in using internet banking. a) TRUE b) FALSE

ADVANTAGE

What does the term "portability" refer to in the context of online banking? a. Limited access within a specific city b. Accessibility only in the home country c. Easy access nationwide and abroad d. Accessible only through a specific device

ADVANTAGE

What is a common practice recommended by banks to increase security for online banking? a. Using the same password indefinitely b. Avoiding password changes c. Changing passwords regularly d. Sharing passwords with trusted family members

ADVANTAGE

How do online banking sites enhance security for customer accounts? a. No security measures in place b. Only basic username and password required c. Use encryption methods for increased security d. Security measures are solely the responsibility of customers

Most people generally trust online banks and their security. a. TRUE b. FALSE

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DISADVANTAGE

What specific task in online banking may require time and effort for new users to understand? a. Balancing a physical checkbook b. Setting up a direct debit c. Handling in-person transactions d. Memorizing account numbers

DISADVANTAGE

Question: What is a potential obstacle for individuals new to online banking? a. Familiarity with in-person transactions b. Simplicity in navigation c. Proficiency in using the internet d. Lack of time for learning

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You win!

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DISADVANTAGE

What potential issues may arise due to the user's lack of experience or knowledge? a. Improved problem resolution b. Intensification of technical difficulties c. Intensify user trust d. Efficient online transactions

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Starting from the Start square, you will have to roll the dice and answer all the questions. If a team lands on a space where the question has already been answered, move on to the next square that hasn't been discussed yet. Work as a team, good luck!