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Question
What does the letter ‘e’ denotes in the term ‘e - banking ’ ?
Options:
A .  Electronic Banking
B .  Expansion Banking
C .  Essential Banking
D .  Economic Banking
Answer: Option A
Answer: (a)‘e-banking’ stands for electronic banking which involves the use of computers to carry out banking transactions such as withdrawals through cash dispensers or transfer of funds at point of sale. It is also known as online or interne banking.

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