Multiple choice

Which of the following is/are not a feature of retail banking?

  1. Multiple products such as deposits, credit cards, etc.

  2. Multiple channels of distribution

  3. Multiple customer groups

  4. Multiple banking
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Retail banking, also known as Consumer Banking, is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks. Multiple banking is an arrangement where a borrower avails of finance independently from more than one bank. Thus, there is no contractual relationship between various bankers. 

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