Modules 108-110 Review Part 2 Question Preview (ID: 33860)


Modules 108-110 Review Part 2. TEACHERS: click here for quick copy question ID numbers.

An advantage of E-banking is the ability to seek assistance from a bank employee while you are depositing money.
a) False
b) True
c)
d)

Electronic check conversion involves paying with a check but not receiving the physical check after it clears.
a) True
b) False
c)
d)

When a check is mailed, electronic conversion does not happen.
a) False
b) True
c)
d)

Check 21 electronically converts a physical check into an electronic check.
a) True
b) False
c)
d)

If you opt in, you are allowing the bank or credit union to allow another person to sign your checks.
a) False
b) True
c)
d)

Your bank or credit union must get your permission to apply overdraft services.
a) True
b) False
c)
d)

Declining a service offered by the bank is to opt out of that service.
a) True
b) False
c)
d)

A benefit of “brick and mortar” banking is the option to speak to a teller.
a) True
b) False
c)
d)

E-banking includes
a) debit and ATM cards
b) online banking
c) wiring of funds
d) all of the above

By opting in, an individual is
a) opening a checking account at the bank or credit union
b) giving permission to the bank or credit union to add a service
c) allowing the bank to close his or her account
d) allowing the bank to close his or her account

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