BPA BANKING AND FINANCE REGIONAL TEST
LATEST UPDATED
A debit card is most similar to ________ - ANSWER a check
Which of the following is true about a person-to-person payment? - ANSWER
Person-to-Person payments are usually conducted using a smartphone app.
Online banking will allow you to do all of these except_________
a. buy and sell shares of stock
b. deposit checks using your smartphone
c. check your account balance
d. transfer money between your checking and saving accounts - ANSWER buy
and sell shares of stock
You realize your check register shows a balance $80 lower than that of your
bank statement. What could explain the difference? - ANSWER Your online
account is missing the $80 uncleared check you wrote.
Which of these scenarios is best suited for using automatic online bill pay? -
ANSWER Pay your cell phone bill in full each month a few days before it's
due.
Using a digital wallet such as Apple or Android Pay can be safer than using
your debit card because_______. - ANSWER the cashier never sees your name
or account number when you use a digital wallet.
How are credit unions and banks different? - ANSWER Banks are owned by
shareholders, while credit unions are owned by members.
Which best describes the differences between a checking statement and a
checking agreement? - ANSWER A statement shows you all of the deposits
and withdrawals from your account, and an agreement shows you the terms of
the account.
LATEST UPDATED
A debit card is most similar to ________ - ANSWER a check
Which of the following is true about a person-to-person payment? - ANSWER
Person-to-Person payments are usually conducted using a smartphone app.
Online banking will allow you to do all of these except_________
a. buy and sell shares of stock
b. deposit checks using your smartphone
c. check your account balance
d. transfer money between your checking and saving accounts - ANSWER buy
and sell shares of stock
You realize your check register shows a balance $80 lower than that of your
bank statement. What could explain the difference? - ANSWER Your online
account is missing the $80 uncleared check you wrote.
Which of these scenarios is best suited for using automatic online bill pay? -
ANSWER Pay your cell phone bill in full each month a few days before it's
due.
Using a digital wallet such as Apple or Android Pay can be safer than using
your debit card because_______. - ANSWER the cashier never sees your name
or account number when you use a digital wallet.
How are credit unions and banks different? - ANSWER Banks are owned by
shareholders, while credit unions are owned by members.
Which best describes the differences between a checking statement and a
checking agreement? - ANSWER A statement shows you all of the deposits
and withdrawals from your account, and an agreement shows you the terms of
the account.
