Automated payments - SS2 Commerce Past Questions and Answers - page 1
1
What is the primary function of an ATM card?
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A
To send and receive money internationally
B
To access bank accounts and perform transactions at ATMs
C
To deposit cash or checks into a bank account
2
Which company provides money transfer and payment services globally?
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A
Western Union
B
MoneyGram
C
Both Western Union and MoneyGram
3
How can you send money internationally using Western Union or MoneyGram?
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A
By visiting an ATM and using an ATM card
B
By writing a cheque and mailing it
C
By visiting a Western Union or MoneyGram agent location
4
What can you do with an ATM card at an ATM?
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A
Send and receive money internationally
B
Access bank accounts and perform transactions
C
Deposit money into someone else's bank account
5
What is the main purpose of Western Union and MoneyGram?
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A
To facilitate international money transfers
B
To provide credit cards and loans to individuals
C
To provide insurance services
6
How does an ATM card differ from Western Union and MoneyGram?
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7
What options are available for receiving money through Western Union or MoneyGram?
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