Answer the following statement(s) true (T) or false (F)
1. Web-centered banks with little or no physical facilities are known as virtual banks.
2. The total dollar value of checks paid in the United States has grown modestly in recent years.
3. There are still a number of existing problems with online bill-paying services which has limited its growth.
4. The depository institutions which tend to have the highest deposit yields are credit unions.
5. Urban markets are more responsive to deposit interest rates and fees than rural markets.
6. Research indicates that at least half of all households and small businesses hold their primary checking account at a depository institution situated within 3 miles of their location.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
6. TRUE
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