O-LevelCommerceBankingOct/Nov 2021Paper 1 Q331 Mark
A global bank plans to invest $1 billion in mobile and digital banking services. What is the most likely reason for such an investment?
ACustomers will be able to access all the services offered by the bank.
BCustomers will save money on visits to bank branches.
CThe bank can stay in touch with customers with SMS alerts.
DThe bank wants to reduce its operating costs and make more profit.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of banking within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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