All Generation Z individuals (2000s+) prefer to use online banking when checking their bank balance.
Added by Beth W.
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Karen doesn't like driving to the local bank branch, but doesn't think that it is secure to do financial transactions on her phone. What is the best banking option for her? She should use online banking services and never go to her local bank branch. She should use online banking and only use her local bank when necessary. She should use mobile banking to avoid the security risks of online banking. She should use traditional banking for everyday transactions and questions.
Jennifer S.
Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her phone. What is the best banking option for her? She should use online banking services and never go to her local bank branch. She should use online banking and only use her local bank when necessary. She should use mobile banking to avoid the security risks of online banking. She should use traditional banking for everyday transactions and questions.
Research shows that many banks are unwittingly training their online customers to take risks with their passwords and other sensitive account information, leaving them more vulnerable to fraud (Yahoo.com, July 23, 2008). Researchers at the University of Michigan found design flaws in 78% of the 214 U.S. financial institution websites they studied. Is the sample evidence sufficient to conclude that more than three out of four financial institutions that offer online banking facilities are prone to fraud? Use a 5% significance level for the test
David N.
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