Module 10: Payment apps
Quiz
•
English
•
Professional Development
•
Practice Problem
•
Medium
Danielle Zyl
Used 2+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the video, which payment app requires the user to have an FNB bank account?
Wise
PayPal
Both Wise and PayPal
The video does not specify
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is the main benefit of using the Wise app mentioned in the video?
Low fees
Easy setup
Faster transfers
Wide acceptance by companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the speaker describe the process of withdrawing money from the Wise app?
Complicated and time-consuming
Quick and straightforward
Requires visiting an FNB branch
Can be done entirely online
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information does the speaker provide about the fees charged by Wise?
Wise charges a flat fee of 90 cents
Wise charges a percentage of 3-4% of the total amount
Wise charges a fee of 128.65 Rand
The video does not provide specific details about Wise's fees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason the speaker dislikes using PayPal?
The fees are too high.
The withdrawal process is slow.
The setup is complicated.
The exchange rates are unfavorable.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required to withdraw money from a PayPal account, according to the video?
A Forex account
An FNB bank account
Agreeing to PayPal's terms and conditions
Both B and C
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How does the speaker describe the digital payment option called "pay fast"?
It has lower fees than PayPal.
It allows sending a payment request for a specific amount in rand.
It is easier to use than PayPal.
It allows withdrawing money directly to a bank account.
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