10.2 Banking services

What are the basic kinds of bank accounts?

• Current accounts and deposit accounts

• Savings accounts and investment accounts

• Checking accounts and credit accounts

• Business accounts and student accounts

What services are provided by current accounts?

• Withdraw money at any time

• Earn more interest than deposit accounts

• Set aside money for emergencies

• Invest in the longer term

What can credit cards be used for?

• Withdraw money from cash machines

• Pay for goods and services

• Transfer money between accounts

• Exchange foreign currency

What is the advantage of deposit accounts?

• Higher interest rates than current accounts

• Ability to withdraw money at any time

• Convenience of telephone banking

• Acceptance of major credit cards

What happens if money is taken out of a deposit account before the end of the selected period?

• Higher interest is earned

• Interest remains the same

• Lower interest is earned

• No interest is earned

What is telephone banking?

• Carrying out transactions over the Internet

• Using a phone to make calls

• Providing advice on loans and mortgages

• Arranging transactions by phone

What is electronic banking?

• Carrying out transactions at a bank branch

• Using a computer to access banking services

• Using a mobile app for banking

• Sending money through wire transfer

What can customers do through electronic banking?

• Check balance and pay bills

• Apply for a credit card

• Withdraw money from cash machines

• Discuss personal loans with specialists

What services do banks offer besides managing money?

• Provide general advice on finance

• Sell goods and services

• Offer insurance policies

• Develop software applications

Who is the target audience for this quiz?

• Grade 13 students

• Bank employees

• Small business owners

• Homeowners