[Related to the Economics in Practice in the digital age, customer preference for conducting business online versus patr

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Related To The Economics In Practice In The Digital Age Customer Preference For Conducting Business Online Versus Patr 1 (26.94 KiB) Viewed 40 times

[Related to the Economics in Practice in the digital age, customer preference for conducting business online versus patronizing a traditional brick-and-mortar location has grown rapidly in many industries, including banking. According to a recent report published by Allied Market Research, online banking is expected to reach a global market size of almost $30 million by 2026, up from $7.3 million only 10 years earlier. Briefly explain how the growth in online banking could affect the timing and severity of a bank run O A. Bank runs would happen later but be more severe since even if the bank insures physical deposits, it cannot insure online deposits, which will make customers more desperate O B. Bank runs would happen earlier and be more severe since customers would not need to line up or wait for banking hours to get their money OC. Bank runs would happen earlier and be less severe since you would not be able to get physical cash from online banking, only digital transfers OD. Bank runs would happen slower and be less severe since people who use online banking would not be as concemed about bank failure as those who use traditional brick-and-mortar banks