Mobile Banking Services Quiz

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What is the primary difference between mobile banking and internet banking?

Mobile banking is accessed through a smartphone application, while internet banking is accessed through a browser on a computer. (correct)
Both mobile banking and internet banking are accessed through applications on smartphones.
Internet banking is accessed on smartphones only, while mobile banking is accessed on computers.
Mobile banking is accessed through a browser on a computer, while internet banking is accessed through a smartphone application.

Which service is NOT typically offered by mobile banking applications?

Cheque confirmation (correct)
Account balance checking
Instant transfers
Bill payments

What is AccessMore known for in terms of its services?

Credit Card services
Digital loans
Book deposits
Link BVN (correct)

What type of loans can be accessed through QuickBucks?

Retail Loans (C) Signup and view all the answers

Which term refers to any application software that can be used by a computer, mobile device, or tablet to perform useful tasks?

Software application (A) Signup and view all the answers

What is the main difference between a software application and an app?

Functionality (A) Signup and view all the answers

What type of banking service allows clients to access traditional banking services via the internet?

Online Banking (C) Signup and view all the answers

Which of the following is NOT considered a Consumer Banking Product?

Certificates of Deposits (A) Signup and view all the answers

What type of service involves Financial Advisory, Mergers & Acquisition, and Capital Market Activities?

Corporate Finance (C) Signup and view all the answers

Which international banking service involves Correspondent Banking and LC's & Bills for Collection?

Correspondent Banking (B) Signup and view all the answers

In the context of the text, what distinguishes Online Banking from Mobile Banking?

Mobile Banking involves physical bank visits (A) Signup and view all the answers

Which product or service is NOT considered part of Digital Banking?

Automated Teller Machines (A) Signup and view all the answers

What is the main purpose of Mobile Banking?

To improve and automate the delivery of financial services (C) Signup and view all the answers

How is the concept of fintech (financial technology) related to banking?

It is utilized to help manage financial operations effectively (D) Signup and view all the answers

In the context of banks, what does 'Financial Intermediation' refer to?

Facilitating transactions between businesses and individuals (C) Signup and view all the answers

How do banks act as 'sturdy bridges' in the analogy mentioned in the text?

By connecting different parts of an economy for smooth economic activities (D) Signup and view all the answers

What role do banks play in 'Depository Services'?

Offering secure places for people to keep their money (B) Signup and view all the answers

How does Mobile Banking differ from SMS banking?

Mobile Banking is more comprehensive and provides a wider range of services (C) Signup and view all the answers