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Mobile Banking: The Basics Quiz

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Questions and Answers

What is Mobile Banking also known as?

E-Banking

Virtual Banking

Online Banking (correct)

Digital Banking

What does Bank Account Management (BAM) consist of?

Managing cash transactions in a bank

Regulatory reporting and compliance only

Policies, procedures, and actions related to business accounts (correct)

Negotiating mortgage rates

What are the security concerns associated with Mobile Banking?

Accounting errors in bank statements

Physical security of bank branches

Identity theft and unauthorized transactions (correct)

Credit card fraud prevention

What does Mobile Banking allow you to do?

<p>Manage your money anytime and anywhere</p> Signup and view all the answers

What are the interrelationships managed in Bank Account Management (BAM)?

<p>Among accounts and regulatory reporting</p> Signup and view all the answers

Study Notes

Mobile Banking

Also known as M-Banking or Mobile Money

Bank Account Management (BAM)

Consists of viewing account balances, transaction history, and fund transfers

Security Concerns

Privacy and authentication risks due to mobile device limitations
Vulnerability to malware, phishing, and data breaches
Risk of unauthorized access to personal financial information

Mobile Banking Features

Check account balances and transaction history
Perform fund transfers between accounts
Pay bills and view payment history
Manage account alerts and notifications

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Description

Test your knowledge about mobile banking with this quiz covering account management, financial transactions, and security concerns. This quiz will help you understand the features and limitations of mobile banking.