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Transactional account: Quiz

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Question 1: Most current accounts come with a ________ and offer the facility to arrange standing orders, direct debits and payment via a debit card.
NotaphilyChequeCurrencyCoin

Question 2: Telephone banking is the term applied to specific provision of banking services over the ________.
Telephone related articlesTelephone exchangeAlexander Graham BellTelephone

Question 3: In the UK, virtually all current accounts offer a pre-agreed ________ facility the size of which is based upon affordability and credit history.
Advance-fee fraudCheck kitingCheque fraudOverdraft

Question 4: In the ________, BACS offers giros that clear in a matter of days while CHAPS is done on the same day.
WalesCanadaEnglandUnited Kingdom

Question 5: Current accounts may also allow borrowing via an ________ facility.
Cheque fraudAdvance-fee fraudOverdraftCheck kiting

Question 6: ________ and money order (paper instruction to pay)
CoinChequeNotaphilyCurrency

Question 7: The ________ offers e-checks.
United StatesAlaskaCanadaPhilippines

Question 8: In many cases such calls are to a ________ or automated service, although some institutions continue to answer such calls in their branches.
E-mailCall centreTelemarketingTechnical support

Question 9: In ________, NEFT service is available to clear funds in a day.
Lok SabhaIndia and the Non-Aligned MovementIndiaResearch and Analysis Wing

Question 10: In North America, ________ is an optional feature of a savings account.
Cheque fraudOverdraftCheck kitingAdvance-fee fraud







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