Mastering Current Accounts and Payment Methods Quiz

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Questions and Answers

What can holders of current accounts use for making payments?

Online banking (correct)
Cheque book
Postal orders
Cash only

What can customers do with online banking services?

Monitor their accounts (correct)
Transfer money from another account
Arrange a short-term overdraft
Cancel a standing order

What can be constantly updated to show up-to-the-minute receipts, payments and balances?

Savings account statement
Credit card statement
Loan account statement
Current account statement (correct)

What can customers do if a potential problem makes it necessary to transfer money from another account?

<p>Use online banking services (B)</p> Signup and view all the answers

What can online banking services allow customers to do?

<p>All of these (A)</p> Signup and view all the answers

Study Notes

Online Banking Services

Holders of current accounts can use debit cards, standing orders, and direct debits for making payments.
Online banking services enable customers to view their account balances, pay bills, and transfer money.
Account balances can be constantly updated to show up-to-the-minute receipts, payments, and balances.
If a potential problem arises, customers can transfer money from another account to address the issue.
Online banking services allow customers to set up and manage their accounts, pay bills, and transfer funds online.

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Description

Test your knowledge on current accounts and payment methods in this quiz! Learn about the different ways you can make payments using a current account, including online banking services. Discover how technology has made it easier for customers to monitor their accounts and access real-time statements.