Question

TRUE OR FALSE

Electronic banking is part of non-virtual banking.

Answer 1

This statement is false.

Explanation:

Electronic banking (e-banking) is a part of virtual banking, not non-virtual banking.

• Virtual banking refers to banking activities conducted through electronic means like internet banking, mobile banking, ATMs, etc., without the need for physical branch visits.
• Non-virtual banking refers to traditional banking done in person at a bank branch.