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Cambridge IGCSE Information and Communication Technology practice

Paper 1 structured question: Banking applications

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Attempt questionBanking applications revisionRevise the key idea

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Paper

3

Marks

Topic

Banking applications

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Paper 1Theory3 marks

Banking applications and electronic payment methods

Description

ATM Services

An Automatic Teller Machine (ATM) allows customers to withdraw cash, deposit cash or cheques, check account balances, print mini statements, pay bills, and transfer money between accounts.

  1. a

    Describe three services provided by ATMs.

    Aim for approximately 3 distinct marking points.

    [3]

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Paper 1 structured question: Banking applications

Paper 1Theory2 marks

Description

Electronic Funds Transfer and Cards

Electronic Funds Transfer (EFT) allows electronic movement of money between accounts. Credit cards enable borrowing money up to a limit, while debit cards deduct money directly from the user's bank account.

  1. a

    Explain one advantage and one disadvantage of using credit cards.

    Aim for approximately 2 distinct marking points.

    [2]