Podcast
Questions and Answers
Which of the following is NOT a type of bank account?
Which of the following is NOT a type of bank account?
- Checking account
- Investment account
- Savings account
- Credit account (correct)
What is the purpose of a routing number in banking?
What is the purpose of a routing number in banking?
- To verify the account owner's identity
- To process international transactions
- To track the account balance
- To identify the bank and location of the account (correct)
What is a disadvantage of using mobile banking?
What is a disadvantage of using mobile banking?
- It is less accessible than traditional banking
- It is more expensive than traditional banking
- It is less secure than traditional banking (correct)
- It is less convenient than traditional banking
What is the purpose of a credit score?
What is the purpose of a credit score?
What is a blockchain?
What is a blockchain?
What is the purpose of FDIC insurance?
What is the purpose of FDIC insurance?
What is a disadvantage of using a debit card?
What is a disadvantage of using a debit card?
What is the purpose of a SWIFT code in international banking?
What is the purpose of a SWIFT code in international banking?
What is the purpose of a money market account?
What is the purpose of a money market account?
What is a disadvantage of using a cashier's check?
What is a disadvantage of using a cashier's check?
Which of the following is NOT a characteristic of a digital bank?
Which of the following is NOT a characteristic of a digital bank?
What is the main benefit of using a mobile wallet?
What is the main benefit of using a mobile wallet?
What is the purpose of a SWIFT code in international banking?
What is the purpose of a SWIFT code in international banking?
What is the main difference between a credit card and a debit card?
What is the main difference between a credit card and a debit card?
What is the purpose of a routing number in US banking?
What is the purpose of a routing number in US banking?
What is the main advantage of using biometric authentication in mobile banking?
What is the main advantage of using biometric authentication in mobile banking?
What is the purpose of a wire transfer in banking?
What is the purpose of a wire transfer in banking?
What is the main difference between a traditional bank and a neobank?
What is the main difference between a traditional bank and a neobank?
What is the purpose of a contactless payment card?
What is the purpose of a contactless payment card?
What is the main advantage of using blockchain technology in banking?
What is the main advantage of using blockchain technology in banking?
