Banking · Retail Banking Channels
What is a primary difference between physical and electronic delivery channels in retail banking?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Physical channels require direct human intervention, while electronic channels are automated.✓
- 2Electronic channels are consistently more costly to operate than physical branches.
- 3Physical channels are exclusively used for account opening transactions.
- 4Physical channels are available 24/7, unlike electronic channels.
Correct answer
Physical channels require direct human intervention, while electronic channels are automated.
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