Louise Johnson
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Quiz on AAT 2 Banking Questions Quiz, created by Louise Johnson on 28/01/2015.

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Louise Johnson
Created by Louise Johnson almost 10 years ago
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AAT 2 Banking Questions Quiz

AAT 2 Banking Questions Quiz

Question 1 of 10

1

The DRAWER on a cheque is the person the cheque is to be paid to.

Select one of the following:

  • True
  • False

Explanation

Question 2 of 10

1

A STANDING ORDER will allow an organisation to make regular payments of fixed amounts.

Select one of the following:

  • True
  • False

Explanation

Question 3 of 10

1

When a business makes payments to suppliers by CREDIT CARD the amount paid affects the businesses bank account immediately.

Select one of the following:

  • True
  • False

Explanation

Question 4 of 10

1

A CHEQUE paid into a building society has to pass through the clearing system.

Select one of the following:

  • True
  • False

Explanation

Question 5 of 10

1

Overdraft facilities are NOT usually offered by building societies

Select one of the following:

  • True
  • False

Explanation

Question 6 of 10

1

When taking telephone card payments you would check the expiry date on the card and the security number.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 10

1

A cheque becomes out of date after 5 months.

Select one of the following:

  • True
  • False

Explanation

Question 8 of 10

1

A Direct Debit is collected from a customer account and the amounts can vary.

Select one of the following:

  • True
  • False

Explanation

Question 9 of 10

1

A Cheque is an example of an electronic payment method.

Select one of the following:

  • True
  • False

Explanation

Question 10 of 10

1

The CHAPS service would be appropriate for regular payments of small amounts.

Select one of the following:

  • True
  • False

Explanation

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