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WorksheetsCHAPTER 6 ELECTRONIC BANKING (EBANKING)
Total questions: 14
Worksheet time: 37mins
(EFTPOS) is an electronic payment system involving electronic funds transfers based on the use of payment cards.
TRUE
FALSE
Credit cards are tied to a bank account from which funds are withdrawn for each purchase.
TRUE
FALSE
Which of the following is NOT the benefits of EDI?
highly secure processes
maximum the need for manual intervention
efficient cash management via frequent account reconciliation
automation of multiple payments
A charge card is a type of electronic payment card that charges no interest.
TRUE
FALSE
Electronic banking, also known as electronic funds transfer (EFT)
TRUE
FALSE
There is a very low incidence of errors is disadvantages of E-Banking.
TRUE
FALSE
EDI is process which allows one company to send information to another company using paper.
TRUE
FALSE
Business entities conducting business electronically are called trading partners.
TRUE
FALSE
Which of the following is NOT purpose of electronic fund transfer?
To pay monthly loan from account
To pay groceries item at point of sale
To withdraw money from saving account
To pay for purchase electronic using cash
Electronic fund transfer point of sales is electronic payment system using payment terminal located at point of sale.
TRUE
FALSE
In telebanking the system that being use ________ for customer access their account.
Interactive sound response system
Interactive physical response system
Interactive voice response system
Debit cards are different from credit cards where credit cards is a way to (a) .
Credit cards are different from debit cards where debit cards is a way to (a) .
What is the current service for fund transfer using mobile numbers?
DOITNOW
DUITNOW
DIDITNOW
