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Computers in Banking & Business

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is the meaning of ATM

a)

Automatic Telegram Machine

b)

Automated Teller Monitor

c)

Automated Teller Machine

d)

Automatic Teller Machine

2.

What is the use of an ATM

a)

Only to withdrawal money

b)

Only to deposit cheques

c)

To withdrawal and deposit money

d)

To buy items online

3.

An electronic system that is used in most stores that updates the number of items when an item is scanned by decreasing the numbers that remains.

a)

ATM

b)

CAL

c)

Super Market

d)

Stock Control

4.

Which is true about home and internet banking?

a)

Customer cannot use their credit card

b)

Customers cannot use their debit card

c)

Customers can buy items from the convenience of their home

d)

Customers can only use cash

5.

A debit card can be used in a store to buy items.

a)

TRUE

b)

FALSE

6.

All credit cards require users to have funds deposited unto the card before using.

a)

TRUE

b)

FALSE

7.

A smart card has a micro-processor(a chip)

a)

TRUE

b)

FALSE

8.

CAL and CAI are concepts learnt in the area of business and banking.

a)

TRUE

b)

FALSE

9.

PIN is a type of password

a)

TRUE

b)

FALSE

10.

PIN is an abbreviation that means

a)

Personal Intelligent Number

b)

Personal information number

c)

Personal Identification Number

d)

a sharp type of needle

11.

This is a picture of:

a)

Stock Control

b)

CAI

c)

ATM

d)

PIN

12.

EFT is an abbreviation for

a)

Electronic Funds Transaction

b)

Electronic Funds Transfer

c)

Entry Funds & Taxation

d)

Everyone's Food Taxes

13.

When using electronic cards to purchase items, funds $ are taken from the customers account and sent to the seller's (grocerer's) account . This process in known as:

a)

Stock Control

b)

Credit Transfer

c)

EFT

d)

PIN

14.

The checking of bank balances, applying for loans and paying of bills can be done at home.

a)

TRUE

b)

FALSE

15.

Using an ATM is a time consuming process in order to get money

a)

TRUE

b)

FALSE

16.

A smart card is similar to a credit or debit card

a)

TRUE

b)

FALSE

17.

Which place can you most like to find a barcode reader/scanner

a)

St. Anne's School

b)

St. Johns Baptist Church

c)

Sandy's Clothing Department Store

d)

Mr. Joe's Lemonade Stand

18.

Where would be an unlikely place to find an ATM

a)

Bank

b)

Gas Station

c)

Mall

d)

School

19.

Which of the following concept is related to Business and Banking?

a)

CAL

b)

CAI

c)

EFT

d)

Distance Learning

20.

There is no minimun nor no maximum amount of $ that can be withdrawl from an ATM each day. As long as you have the funds in your account.

a)

TRUE

b)

FALSE