Grade 10, Unit 6.6, In-Class Assignment

Which of the following is not a part of banking applications?

• ATM

• EFT

• Internet Banking

• Cash

Many credit/debit cards are equipped with a ..............................................

EFTPOS stand for ...................................................

• electronic fund

  transfer

• electronic fund

  transfer at point-of-sale

• electronic fund

  transfer at point-of-GAMING

• NOTHING

EFT stands for ..............................................................

ATMs allows us to do ....................................................

• perform heart surgery
• fly a plane
• bake cookies
• perform various banking transactions

.................................. are one of the oldest ways of paying somebody for services or goods.

• Rocks

• App payment

• Cheques

• Crypto

The first step of paying and verfying a cheque is called ...............................................

• in clearing

• out clearing

• on clearing

• clearing

An electronic image is made of the cheque using .................................

• RFC

• CFC

• BBQ

• OCR software

Centralised clearing of cheques method was first introduced around ................................

Which of the following is not a part of internet banking?

• Cash payment

• Online payment

• Phone number payment

• QR code payment