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

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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

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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

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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

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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

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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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