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E-banking is synonymous with

  • A.Tele-Banking
  • B.Internet Banking
  • C.Furo Banking
  • D.None of the above

Answer: B

Correct answer: Internet Banking

E-banking is used synonymously with internet banking - operating an account through the bank's website or application, over the internet.

Tele-banking is a distinct and older channel, conducted by telephone through an interactive voice response system or an agent, and it does not use the internet at all. The two are sometimes grouped together under electronic banking in a broad sense, but the term as commonly used, and as the question intends, points to banking over the internet.

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