QUIZ #1

FILL IN THE BLANK 10 ITEMS

1. Is an electronic device designed to provide customers with convenient access to banking services without the need for direct interaction with bank personnel

2. 2. It allows customers to access their accounts, conduct transactions, and manage their finances remotely, without the need to visit a physical bank branch

1. 3. Is a secure, portable device with an embedded integrated circuit (IC) chip, used for authentication, data storage, and encryption.

4. 4. The world’s first ATM was installed at Barclays Bank in London on (DATE)

5. 5. Is a service provided by a bank that enables customers to perform over the telephone a range of financial transactions that do not involve cash without the need to visit a bank branch or ATM.

6. 6. What are the two categories of Automated Teller Machine?

7. 7. Are physical or digital tools used by financial institutions and clients to access banking services electronically

8. 8. Is a system that allows customers to conduct financial transactions through a bank's website or mobile app, offering a virtual alternative to traditional branch banking.

9. 9. Used for internet banking to manage corporate accounts, apply for trade finance, and execute global wire transfers.

10. 10. Enable mobile banking apps for fund transfers, remittances, forex trading, etc. Essential in financial inclusion, especially in emerging markets.