medium · LSAT Logical Reasoning

Almost all routine banking transactions are now conducted through mobile applications, yet data shows that the total number of physical bank branches operating in urban areas has actually increased over the last five years.

Which one of the following, if true, most helps to resolve the paradox?

  1. Banks have repurposed their branches around high-value services such as mortgage consultations and small-business lending, which customers strongly prefer to handle face to face.
  2. The total number of people regularly using mobile banking applications has roughly tripled across the country since the very first such applications were introduced to consumers.
  3. Most mobile banking apps now allow customers to deposit their paper checks remotely, simply by photographing the front and the back of each check with a smartphone camera.
  4. Rental prices for the kind of street-level commercial storefronts that bank branches typically occupy in urban areas have lately climbed to historic and still-rising new highs.
  5. Several of the country's very largest national banks have already publicly announced detailed plans to permanently close many hundreds of their branches over the coming decade.

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