In 2019, transactions via banking apps outnumbered in-person transactions by what ratio?

In 2019, transactions via banking apps outnumbered in-person transactions by what ratio?

• A. 2-1
• B. 3-2
• C. 5-1
• D. 7-2

Answer: (C)

Interpreting the ratio shows how many times more transactions happened via banking apps compared with in-person visits. A five-to-one ratio means there were five app transactions for every one in-person transaction in 2019. That reflects a strong move toward mobile banking that year. The other ratios would indicate smaller or different gaps (two-to-one is a smaller gap, three-to-two is only 1.5 times as many, seven-to-two would be 3.5 times), none matching the five-to-one shift.

Interpreting the ratio shows how many times more transactions happened via banking apps compared with in-person visits. A five-to-one ratio means there were five app transactions for every one in-person transaction in 2019. That reflects a strong move toward mobile banking that year. The other ratios would indicate smaller or different gaps (two-to-one is a smaller gap, three-to-two is only 1.5 times as many, seven-to-two would be 3.5 times), none matching the five-to-one shift.