Topic 6.9 Banking System

A system that allows money transfer to be send directly to a bank's customer system.

• ATM

• EFT

• POS

• Cheque

Which is a benefit of electronic fund transfer?

• Convenience

• Time Saving

• Efficiency

• All of them

When a credit/ debit card is used to pay for a purchase in a store it is referred to as..

• EFT

• EFTPOS

• ATM

Are machine that we can get cash quickly using credit/ debit card.

• Automatic Time Machine

• Automatic Teller Machine

• Automatic Travel Machine

• Electronic Fund Transfer

It uses electronis fund transfer when paying for purchased items.

• Chip and Pin (Credit/ Debit Card)

• Online Banking

• Telephone Banking

• Cheque

Which is the drawback of using credit/debit card.

• Fast

• Convenient

• Scam

• Smart