A) Universal Banking
B) Indirect Bank
C) Doorstep Bank
D) Direct Bank
E) Unit Banking
Correct Answer: D
Solution :
A direct bank is a bank without any branch network that offers its services remotely via online baking and telephone banking and may also provide access via ATMs (often through interbank network alliances), mall and mobile. By eliminating the costs associated with bank branches, direct banks can make significant savings which they may pass on to clients via higher Interest rates or lower service charges.
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