
Payment Systems Quiz
Authored by David Turner
Computers
12th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a payment system used in the US?
ACH Network
Bitcoin Network
Card Networks
Wire Transfer Networks
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which network facilitates electronic funds transfers between banks and financial institutions?
Card Networks
Wire Transfer Networks
Peer-to-Peer Payment Systems
Mobile Wallets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which network is responsible for processing credit and debit card transactions?
ACH Network
Wire Transfer Networks
Card Networks
Peer-to-Peer Payment Systems
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a major card network in the US?
Visa
MasterCard
Bitcoin
American Express
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which network is known for its real-time gross settlement system for large-value transactions?
ACH Network
Card Networks
Wire Transfer Networks
Mobile Wallets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which payment system allows individuals to transfer funds directly from their bank account to another individual's bank account?
ACH Network
Wire Transfer Networks
Peer-to-Peer Payment Systems
Mobile Wallets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which payment system is commonly used for recurring payments such as salaries, bills, and subscriptions?
ACH Network
Card Networks
Wire Transfer Networks
Cryptocurrency Payment Systems
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