Financial Services for Individuals and Households

What are the two main types of bank account?

• Deposit and Savings

• Current and Deposit

• Foreign and Deposit

• Current and Foreign

Money added into a bank account can be called a lodgement or a ...

• Withdrawal

• Deposit

• Cash

• Cheque

A withdrawal will appear on which side of a bank statement?

• Credit

• Debit

Three of the main financial institutions operating in Ireland include ...

• Commercial Banks

• An Post

• Paddy Power

• Credit Unions

A commercial bank is a bank that offers financial services to ...

• General Public ONLY

• The Government

• Businesses ONLY

• General Public and Businesses

Financial institutions in Ireland provide financial services for its customers. Which of the following services does it NOT provide.

• Storing Customers Money

• Charge Cards

• Managing Payments

• Credit Cards

A current account is used for day-to-day banking needs. It is a convenient way to ...

• Use as a savings account

• Receive your income

• Store money safely

• Pay for goods and services

If €1 = USD$ 1.20

How much would USD$240 be worth in €

• €288

• €360

• €220

• €200

Amounts paid into an out of a bank account are called ...

• Lump sums and Leakages

• Ins and Outs

• Lodgements and Withdrawals

• Deposits and Lodgements

Which of the following is required to open a current account or deposit account?

• Proof of address (e.g. utility bill)

• Proof of employment (e.g. wage slip)

• Proof of identity (e.g. passport)

• PPSN (Personal Public Service Number)