What is the main objective of online banking applications?
Banking Applications

Quiz
•
Computers
•
10th Grade
•
Easy
Lindsey Astbury
Used 1+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To provide entertainment services
To promote social media interactions
To offer shopping discounts
To facilitate banking transactions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of banking application?
EFT
Internet banking
ATMS
Social Media
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the advantage of Electronic Funds Transfer (EFT)?
Can be used for physical cash exchange
Involves high risk of fraud
Allows instant electronic money transfer
Requires physical presence at the bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of Automatic Teller Machines (ATMs)?
To sell groceries
To perform banking transactions
To provide medical services
To offer legal advice
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of transferring funds from the cheque writer's account to the recipient's account called?
Physical transportation
Encrypted file transfer
Centralized check clearing
Digitalization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of banking application is designed to be used on smartphones and tablets?
Web-based banking applications
Desktop banking applications
Mobile banking applications
ATM applications
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What security measure is commonly used in internet banking applications to protect users' data?
No security measures
Social media login
Biometric authentication
Public Wi-Fi access
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the disadvantages of internet banking applications?
Limited account access
Increased human interaction
Security risks
No transaction history
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of internet banking applications?
Increased physical bank visits
No personalized features
24/7 account access
Limited transaction options
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