Question

1. compare traditional and online banks by listing at least one pro and one con of each type of bank

	traditional banks	online banks
con	typically higher fees and lower interest rates due to higher operating costs.	lack of physical branches can limit access to in - person assistance and cash deposits.

Explanation:

Traditional banks offer in - person services but have higher fees. Online banks have lower fees and higher interest rates but lack physical branches for in - person assistance.

Answer:

Traditional Banks Pro: In - person services and physical branches provide personalized support and face - to - face interactions.
Traditional Banks Con: Typically higher fees and lower interest rates due to higher operating costs.
Online Banks Pro: Lower fees and higher interest rates on savings and checking accounts because of reduced overhead costs.
Online Banks Con: Lack of physical branches can limit access to in - person assistance and cash deposits.