Vocabulary Related To Handling Money And Transactions Quiz
Authored by Alien Bianasari
Business
University
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an IBAN?
Integrated Banking Authorization Number
International Bank Account Number
International Branch Account Number
International Business Account Number
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a backoffice in banking?
To perform administrative and operational tasks
To provide financial services
To secure funds in the cardholder's account
To welcome customers for banking transactions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of a banknote?
To provide financial services
To manage payments
To serve as a means of payment
To collect savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of a chargeback in a payment transaction?
Cancellation of a payment due to a customer claim
Transaction following the approval of a customer's means of payment's debit
Fees owed by a customer for a transaction
Outflow of money when making a purchase
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a visual cryptogram on a credit card?
To withdraw cash from an account
To make a purchase by touching the payment terminal
To provide evidence in the sale of a product or service
To ensure online payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of a chequebook provided by a bank?
To withdraw money from an account without going to the bank's counter
To give an order to pay a sum of money from a bank account
To serve as a means of payment
To make a purchase by touching the payment terminal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a wire transfer in banking?
To provide financial services
To create an integrated European payments market
To secure funds in the cardholder's account
To credit a third party's account by debiting the account holder's account
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