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Technology, Personal Financial Planning, and Customer Retention
Terms in this set (13)
an individual's collection of investments
an investment fund traded on stock exchanges
a company that has registered stockbrokers who will buy and sell stocks for customers, at a reduced commission, and they do not offer financial advice
An intelligent ATM has more functions than a traditional ATM.
What distinguishes a traditional ATM from an intelligent ATM?
due to the sophistication of ATM machines, online banking, mobile phone apps
Why are fewer customers entering local bank branches?
new accounts and loans
What type of business are banks relying on to maintain the "brick-and-mortar" branches?
open a new account
What is the primary reason a consumer needs to walk into a bank branch?
24/7 transaction processing
What is the benefit of mobile banking as compared to traditional banking?
A traditional ATM costs more than an intelligent ATM.
comparatively lower fees
What is a most likely reason an investor would use a DIY financial service?
discount brokerage house
A company that has registered stockbrokers who will buy and sell stocks for customers at a reduced commission is called a _.
to create a personal budget
What is the main function of the YNAB app?
It consolidates all financial transactions into one place to provide a snapshot of financial worth.
How does personal financial software help to manage finances?
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