Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Certdemy Premium Access
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
Select TWO countries where cards are not the most important payment method.
Correct
Singapore, which, apart from Germany, is also the only country where cards are not the most important payment method.
Incorrect
Singapore, which, apart from Germany, is also the only country where cards are not the most important payment method.
-
Question 2 of 10
2. Question
Select more than one answer:
Which statements holds true for a Card?Correct
• very widely accepted internationally
• no cost to the payer beyond annual card fees, if applicable
• finality for merchant can be on transaction date if preauthorised
• can gain up to 2 months of float
• payment cards can realise significant efficiencies and savings in accounts payable processingIncorrect
• very widely accepted internationally
• no cost to the payer beyond annual card fees, if applicable
• finality for merchant can be on transaction date if preauthorised
• can gain up to 2 months of float
• payment cards can realise significant efficiencies and savings in accounts payable processing -
Question 3 of 10
3. Question
Identify an application that is used for payments:
Correct
Payments are made using either specific applications, known as wireless application protocol (WAP), downloaded onto a mobile phone or on websites.
Incorrect
Payments are made using either specific applications, known as wireless application protocol (WAP), downloaded onto a mobile phone or on websites.
-
Question 4 of 10
4. Question
Select more than one answer:
The payer’s mobile account is charged for the purchase using a two‐factor authentication process involving: a personal identification number (PIN) and one‐time‐passwordCorrect
The payer’s mobile account is charged for the purchase using a two‐factor authentication process involving a personal identification number (PIN) and one‐time‐password.
Incorrect
The payer’s mobile account is charged for the purchase using a two‐factor authentication process involving a personal identification number (PIN) and one‐time‐password.
-
Question 5 of 10
5. Question
Mobile payments are particularly popular in regions where there is:
Correct
Mobile payments are particularly popular in regions such as parts of Africa, where there is an ‘infrastructure deficit’ and access to the Internet is otherwise limited.
Incorrect
Mobile payments are particularly popular in regions such as parts of Africa, where there is an ‘infrastructure deficit’ and access to the Internet is otherwise limited.
-
Question 6 of 10
6. Question
In theory, LCRs are issued by the creditor and accepted by:
Correct
In theory, LCRs are issued by the creditor and accepted by the debtor.
Incorrect
In theory, LCRs are issued by the creditor and accepted by the debtor.
-
Question 7 of 10
7. Question
What happens when debits are originated via the ACH system and both the debit and credit to the account holders occur on the same working day?
Correct
When debits are originated via the ACH system, as both the debit and credit to the account holders occur on the same working day, there is no float benefit to the banks
Incorrect
When debits are originated via the ACH system, as both the debit and credit to the account holders occur on the same working day, there is no float benefit to the banks
-
Question 8 of 10
8. Question
The company or person buying the banker’s draft pays for it on issue and the beneficiary obtains value only once:
Correct
The company or person buying the banker’s draft pays for it on issue and the beneficiary obtains value only once it clears (like a cheque). The bank, therefore, enjoys the float.
Incorrect
The company or person buying the banker’s draft pays for it on issue and the beneficiary obtains value only once it clears (like a cheque). The bank, therefore, enjoys the float.
-
Question 9 of 10
9. Question
The name and address of the bank and branch on which the cheque is drawn refer to:
Correct
Drawee bank: The name and address of the bank and branch on which the cheque is drawn.
Incorrect
Drawee bank: The name and address of the bank and branch on which the cheque is drawn.
-
Question 10 of 10
10. Question
A cash withdrawal from a bank account is debited to the account on:
Correct
A cash withdrawal from a bank account is debited to the account on a same‐day basis.
Incorrect
A cash withdrawal from a bank account is debited to the account on a same‐day basis.