Banking

What is the term for making payments using electronic methods?

• Digital Marketing

• Online Shopping

• Digital Payment

Which of the following is an example of a digital payment method?

• Cash

• Credit Card

• Vending Machine

What does "ATM" stand for?

• Automated Teller Machine

• Advanced Transaction Mode

• All-time Money

What type of card is commonly used for making digital payments?

• Library Card

• Gift Card

• Debit Card

Which online service is often used for sending and receiving money between individuals?

• Email

• Social Media

• PayPal

What is the term for a unique code used for authorizing online payments?

• Password

• PIN

• Emoji

Which of the following is NOT a digital payment method?

• Cash App

• Mobile Wallet

• Piggy Bank

Which digital payment method allows users to make payments using their smartphones?

• Check

• Apple Pay

• Paper Money

What does "PIN" stand for in the context of digital payments?

• Personal Internet Number

• Payment Identification Number

• Personal Identification Number

What is the main advantage of using digital payment methods?

• Slower Transactions

• Increased Risk of fraud

• Convenience and speed