
REVIEW
Authored by Mayrelin EastCaryMS
Other
9th - 12th Grade
Used 1+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: In wire transfers there might be a maximum amount of funds that you are able to transfer. There are other ways of payment that are faster and/or cheaper than wiring.
true
false
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is true about Electronic Transfer (ETA)
There is a 25$ minimum fee
There is no minimum fee
They support check writing
The max service charge is 5 dollars a month
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online banking is
Available 24/7
vulnerable to hacking
All of the above
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online bill pay
allows you to be able to automatically make payments for your bills, online
Is only open from 5am to 5pm
does not exist
can only be unused from your computer
5.
MATCH QUESTION
1 min • 1 pt
The person receiving the transfer would have to go to the senders bank to receive their transfer.
Electronic Funds Transfer Act (EFTA)
A convenient electronic banking outlet to make basic transaction without the need of a teller
ATMs
a law that help protect consumers when making electronic transfers
Wire Transfers
Transfer of funds from one bank to another electronically
Electronic funds transfer payment (EFT)
6.
MATCH QUESTION
1 min • 1 pt
Match the following
Transfers can’t be held or bounced just because there aren’t enough funds being transferred.
Wire Transfers
two different banks or institution that are held in the same country
International
These transfers are made in one country and going to a person in another country.
Domestic
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The first ATM in the US was installed by Chemical Bank in Long Island, NY 1969.
True
False
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