G.K. Questions on Banking
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This type of money is considered legal tender and gets its value from the people's faith in the government.
A ..... is needed when adding funds to a bank account in person.
Unfortunately, the bank has just ..... my request for a line of credit.
Money of another country
Choose the best answer:
What makes mobile banking somewhat less secure than regular online banking?
Mobile banking apps are inherently less secure than banking programs on a computer.
Mobile devices can be lost or stolen more easily than a computer, such as a laptop.
Confidential financial information entered into a mobile device may be visible to people in the vicinity.
Unlike with computers, mobile banking apps store personal financial information and share it with other apps.
Which institutions charge the highest interest rates on loans?
correctchoice Payday lenders
correctchoice Finance companies
Signature cards are the only way to verify a signature.
Which of the following is TRUE about checks?
Hint: there are 2 correct answers
The amount of money is written both numerically and in words
When paying by check the money instantly comes out of your checking account
Checks should show up on your bank statement within 100 days
correctchoice You should endorse the back by signing it when depositing a check.
What are the benefits of using a debit card? (more than one correct answer)
It is like using your own cash and it's convenient.
There is no overdraft fee.
There is no interest fee.
correctchoice You can check and track down your transactions.
What is the name of this symbol, which makes a note sound 1/2 step lower than written?