Banking Services (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is a commercial bank?
What is a commercial bank?
An institution offering money services
How many branches does Bank of Ireland operate throughout the country?
How many branches does Bank of Ireland operate throughout the country?
Over 250 branches
Do current accounts earn interest on the money held in them?
Do current accounts earn interest on the money held in them?
No, no interest is earned
How often are current account fees typically charged?
How often are current account fees typically charged?
Quarterly (four times per year)
Which documents are needed to open a current account?
Which documents are needed to open a current account?
Proof of identity and proof of address
What is the maximum amount for contactless debit card payments?
What is the maximum amount for contactless debit card payments?
€30
What is the main difference between standing orders and direct debits?
What is the main difference between standing orders and direct debits?
Standing orders are fixed; direct debits vary
What does an overdraft allow you to do?
What does an overdraft allow you to do?
Withdraw more than you have up to a limit
Which companies typically operate credit cards?
Which companies typically operate credit cards?
Mastercard or Visa
When is interest charged on a credit card?
When is interest charged on a credit card?
If full balance isn't paid within timeframe
What is a mortgage?
What is a mortgage?
A loan secured against property
What percentage of Irish citizens used online banking in 2018?
What percentage of Irish citizens used online banking in 2018?
58%
Why might a bank statement be needed when applying for a loan?
Why might a bank statement be needed when applying for a loan?
As proof of income and expenditure