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How Technology Makes Banking More Efficient

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following banking transactions cannot be accomplished online?

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1. Calvin notices that there is not enough money in his checking account to pay his electric bill this month, so he moves some money from his savings account to his checking account in order to pay the bill. We would call this:

2. What is the usual name for a card issued by a bank that allows you to use it like cash or a check?

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About This Quiz & Worksheet

Technology in its many relevant forms has increased the overall efficiency of banking. This quiz and worksheet combo will make sure you understand how technological advancement enables this increased efficiency. The quiz will test your understanding of the ways customers can conduct banking transactions, the risks involved in the development of new banking technology, and some examples of this new technology.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The various newly-developed ways that customers can conduct banking transactions
  • Risks involved in utilizing these new technologies
  • Name of a card that is used like cash or a check

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information on banking technologies from the related lesson
  • Critical thinking - apply relevant concepts to examine banking security in a new light
  • Defining key concepts - ensure that you can accurately define the term or phrase for a transaction that involves funds taken from an account to pay someone else
  • Information recall - access the knowledge you've gained regarding new technologies to answer questions about online banking technologies, as well as the risk inherent in utilizing them

Additional Learning

The lesson, How Technology Makes Banking More Efficient, provides more information on banking transactions affected by technology. With the lesson, you'll learn how to:

  • Identify the ways in which banking efficiency has been increased by new technology
  • Differentiate between the various types of new technologies that increase banking efficiency
  • Determine the downsides of banking technologies
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