10 Questions
Which of the following is NOT a key component of digital payment systems?
Physical cash
What is required for users to make digital payments?
Existing bank account
Which of the following is NOT mentioned as a provider of digital financial services?
Supermarkets
What devices can be used to transact via the digital transactional platform?
All of the above
How do digital payment systems offer basic financial services at lower cost than traditional banking?
By leveraging mobile phones
Which of the following is required to withdraw money from an ATM?
Typing in a unique PIN number
What can be done with a debit card at an ATM?
All of the above
What is the maximum amount that can be withdrawn per day from an ATM?
Set by the bank
What is the last step in the process of shopping with a debit card at a retail store?
Merchant keeps the signed receipt
What does the user receive after making a transaction using a debit card at a retail store?
Copy of the signed receipt
Test your knowledge of digital transactions with this quiz! Learn about the seamless system of conducting transactions without physical cash and the importance of having an existing bank account with available funds. Explore the various digital payment methods and platforms, including mobile devices, personal computers, and the internet. Challenge yourself and enhance your understanding of the world of digital transactions.
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