WorksheetsEFT in banking
Total questions: 7
Worksheet time: 2mins
EFT is an abbreviation for
Electronic Funds Transaction
Electronic Funds Transfer
Entry Funds & Taxation
Everyone's Food Taxes
Give examples of EFT.
Automatic teller machines (ATM)
Post dated cheque
Electronic bill-paying via online banking.
Google pay
What is this ?
Modern art
Barcode
QR code
Google cheque
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:
Stock Control
Credit Transfer
Electronic Fund Transfer
Personal Identification Number
What is an E-wallet?
It is soft and bulged out wallet.
E-wallet is a wallet with an electronic chip.
E-wallet is an identity card for people in businesses where they can transfer money.
E-wallet is a type of electronic card which is used for transactions made online through a computer or a smartphone.
A disadvantage of electronic funds transfer (EFT) is that the process cannot be reversed if a sender should enter an incorrect account number.
True
False
Can I buy chicken biriyani with EFT
Yes
No
Maybe
