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