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WorksheetsLIBF UNIT 2 Topic 7
Total questions: 13
Worksheet time: 7mins
A written order by a bank customer (the drawer) to pay someone else (the payee) is known as:
cheque
standing order
direct debit
credit card
What is the name given to a card issued to current account customers that allows them to pay for purchases or draw money from a cash machine?
credit card
debit card
cash card
cheque
A debit card that has the contactless payment symbol on it can be used to make contactless payments of up to:
25 pounds
50 pounds
30 pounds
15 pounds
Zapp allows customers to make payments through:
the internet
debit card
credit card
their mobile phones
Customers with what type of bank account will usually receive a printed statement each month?
an internet account
a telephone account
a branch-based account
an app-based account
Standing orders provide a flexible way to pay regular bills or make regular payments.
False
True
Direct debits provide a flexible way to pay regular bills or make regular payments.
True
False
It is now easy to select a bank and to switch from one bank to another.
True
False
A payment clearing scheme that allows electronic payments to be made between bank accounts is known as:
Bacs
CHAPS
Cheque
The electronic Clearing House Automated Payment System, which is used for very high-value payments and payments between large companies is known as:
Bacs
CHAPS
Credit card
Direct Debit
The UK smart-card payment system for debit and credit cards, which uses a computer chip within the card itself, and a personal identification number (PIN) chosen by the customer.
Direct debit
Standing order
Chip and Pin
Cheque
The process by which a cheque or card payment goes through the banking system is known as...
credit card
debit card
cheque
clearing
A card used by the account holder to make payments or withdraw money from their current account...
credit card
debit card
pay as you go card
