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Current account, payment, direct debit, online banking, interest rate, mortgage, cash machine, income tax, in the red

Quiz by Dilso`z Xoshimova

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10 questions
Show answers
  • Q1
    What do we call the record of the financial transactions of an individual or organization, including the total amount of money deposited and withdrawn through a bank account?
    Investment account
    Savings account
    Checking account
    Current account
    30s
  • Q2
    What is the term for a pre-authorized transfer of funds from a customer's bank account to another party upon a set schedule?
    Cash withdrawal
    Credit card payment
    Direct debit
    Wire transfer
    30s
  • Q3
    What do we call the process of conducting banking transactions via the Internet or a mobile app?
    Branch banking
    Telephone banking
    Offline banking
    Online banking
    30s
  • Q4
    What is the name for the rate at which interest is paid by a borrower for the use of money borrowed from a lender?
    Inflation rate
    Interest rate
    Exchange rate
    Tax rate
    30s
  • Q5
    What term is used to describe a type of loan that is used to purchase real estate, typically with a specified interest rate and repayment term?
    Student loan
    Mortgage
    Auto loan
    Personal loan
    30s
  • Q6
    What is the term for a machine that dispenses cash and performs basic banking services such as balance inquiries and withdrawals?
    Money dispenser
    ATM machine
    Bank kiosk
    Cash machine
    30s
  • Q7
    What is the term for the amount of money that a person or company owes to creditors due to having spent more money than they have in their bank account?
    In the black
    In the pink
    In the green
    In the red
    30s
  • Q8
    What is the term for the amount of money that an individual or entity receives, usually in the form of wages, salary, or business profits?
    Savings
    Income
    Expenses
    Investments
    30s
  • Q9
    What is the term used to describe the money individuals and businesses must pay to the government based on their earnings, profits, or other sources of income?
    Property tax
    Income tax
    Sales tax
    Excise tax
    30s
  • Q10
    What is the term used to describe a method of automatic bill payment where funds are withdrawn from a bank account to pay bills on a recurring basis?
    Cash machine
    Online banking
    Direct debit
    Interest rate
    30s

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