AAT 2 Banking Questions Quiz

Description

Quiz on AAT 2 Banking Questions Quiz, created by Louise Johnson on 01/28/2015.
Louise Johnson
Quiz by Louise Johnson, updated more than 1 year ago
Louise Johnson
Created by Louise Johnson about 8 years ago
76
1

Resource summary

Question 1

Question
The DRAWER on a cheque is the person the cheque is to be paid to.
Answer
  • True
  • False

Question 2

Question
A STANDING ORDER will allow an organisation to make regular payments of fixed amounts.
Answer
  • True
  • False

Question 3

Question
When a business makes payments to suppliers by CREDIT CARD the amount paid affects the businesses bank account immediately.
Answer
  • True
  • False

Question 4

Question
A CHEQUE paid into a building society has to pass through the clearing system.
Answer
  • True
  • False

Question 5

Question
Overdraft facilities are NOT usually offered by building societies
Answer
  • True
  • False

Question 6

Question
When taking telephone card payments you would check the expiry date on the card and the security number.
Answer
  • True
  • False

Question 7

Question
A cheque becomes out of date after 5 months.
Answer
  • True
  • False

Question 8

Question
A Direct Debit is collected from a customer account and the amounts can vary.
Answer
  • True
  • False

Question 9

Question
A Cheque is an example of an electronic payment method.
Answer
  • True
  • False

Question 10

Question
The CHAPS service would be appropriate for regular payments of small amounts.
Answer
  • True
  • False
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