Which of the following is a limitation of mobile banking apps?

Which of the following is a limitation of mobile banking apps?

• A. Viewing your account balances.
• B. Paying bills online.
• C. Transferring funds between accounts.
• D. Buying and selling stock.

Answer: (D)

Mobile banking apps are designed to provide users with convenient access to their financial accounts and perform a variety of transactions. While functionalities like viewing account balances, paying bills, and transferring funds are essential features that are generally well-supported in mobile banking apps, buying and selling stock can present more complexities and limitations. The correct choice highlights that mobile banking apps might not fully support active trading. Buying and selling stock typically requires more specialized features often found in dedicated brokerage apps, including real-time market data, in-depth analytics, and advanced trading functionalities. Mobile banking apps may not provide comprehensive tools or security measures necessary for such transactions, making it less convenient and potentially risky for users who want to engage in stock trading directly through their mobile banking app. Thus, while the other options represent standard services provided by mobile banking platforms, engaging in stock trading is less commonly supported, which positions it as a limitation of mobile banking apps.

Mobile banking apps are designed to provide users with convenient access to their financial accounts and perform a variety of transactions. While functionalities like viewing account balances, paying bills, and transferring funds are essential features that are generally well-supported in mobile banking apps, buying and selling stock can present more complexities and limitations.

The correct choice highlights that mobile banking apps might not fully support active trading. Buying and selling stock typically requires more specialized features often found in dedicated brokerage apps, including real-time market data, in-depth analytics, and advanced trading functionalities. Mobile banking apps may not provide comprehensive tools or security measures necessary for such transactions, making it less convenient and potentially risky for users who want to engage in stock trading directly through their mobile banking app.

Thus, while the other options represent standard services provided by mobile banking platforms, engaging in stock trading is less commonly supported, which positions it as a limitation of mobile banking apps.