BANKING and PAYMENT METHODS

When buying a house the type of credit you could apply for:

• credit card

• personal loan

• mortgage

• instalment sales transaction

You get an sms from your bank to confirm your PIN number.

• vishing

• phishing

• fishing

• smishing

Best bank account to use for daily use:

• fixed depost

• call account

• money market account

• savings account

You can only open a bank account with an ID document and proof of residence .

• True

• False

Only property owners can open bank accounts as they have property registered in their name.

• True

• False

Once your money is placed in a fixed deposit for 12 months, you can not access it.

• True

• False

Choose 3 options that is characteristic of a bank card:

• your name

• your address

• a cvv number

• a card number

• your phone number

A method of credit that requires a deposit a regular fixed installments over a set time period. The goods are immediately accessed.

• credit card

• store account

• installment sales transaction

• laybye

A deposit and regular instalments are made but the goods are accessed on the final instalment.

• credit card

• store account

• installment sales transaction

• laybye

Money laundering term

• phishing

• smurfing

• vishing

• smishing