Banking Applications | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

What is one advantage of using MICR technology over OCR for cheque processing?

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15

Which of the following is a common application of EFT in businesses?

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15

What do customers need to identify themselves at ATMs?

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15

How does EFT differ from traditional cash transactions?

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seesaw

Swap points!

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gift

Win 25 points!

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gift

Win 25 points!

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thief

Give points!

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25

15

What is a disadvantage of using EFT for transactions?

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15

What is the primary function of Electronic Fund Transfers (EFT)?

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15

Which of the following statements about EFT security is true?

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15

How do ATMs enhance the use of EFT in banking?

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banana

Go to last place!

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fairy

Take points!

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25

fairy

Take points!

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baam

Lose 20 points!

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eraser

Reset score!

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star

Double points!

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gift

Win 25 points!

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thief

Give points!

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25

15

What technology is used by banks to streamline the processing of cheques?

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lifesaver

Give 25 points!

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seesaw

Swap points!

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fairy

Take points!

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25

baam

Lose 15 points!

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15

What information do banks typically read from cheques?

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