Bank Competition
» Bank Competition, Volume 5, Issue 8, 2005
If respondent thinks there is more competition for the firm's banking business than three years ago.
What makes you say that competition for your firm's banking business has increased? Is it because:?
2C. (evidence of more competition) You can get rate quotes over the Internet from lenders all over the country.
Response | ||||
---|---|---|---|---|
1 | Yes | 54 | ||
2 | No | 40 | ||
3 | DK/Refuse | 6 | ||
Total (%) | 100 | |||
N | 345 |
Notes: Fifty-four (54) percent of small employers who think more competition exists for their banking business than three years ago cite their ability to get rate quotes over the Internet from lenders all over the country as a reason for their view (Q#2C).