Once upon a time you had to do all banking transactions during bank hours. Not anymore. Today, you can swipe your card and withdraw or deposit cash through the services of an ATM, at any time of day or night. How does it work? Is it safe? Take this quiz and find out.
What is the function of an automated teller machine (ATM)?
- to make loans more accessible to customers
- to offer banking services 24 hours a day
- to protect the financial rights of every citizen
What is the difference between a credit card and an ATM card?
- One is issued from your bank; the other is issued from an ATM.
- They are essentially the same thing.
- One issues monthly credit; the other deducts money immediately.
What is another name for a check card?
- bank card
- check book
- debit card
Where can you use your ATM card?
- at major department stores
- at ATMs only
- at supermarket chains
Do most retailers that accept credit cards also accept check cards?
- Yes, except for gas stations and ticket counters.
Why do some hotels and car rentals require that money be put "on hold" in your account?
- because you're paying with check card and this covers them for all expenses
- because they want you to have it for safekeeping
- because they're not insured if you keep that money elsewhere
With which kind of card do you enter a PIN number when you make a purchase?
- with a debit card
- with a credit card
- with an ATM card
Who might charge a specific fee if you use your check card as a debit card?
- your bank
- the government
- the retailer
In what way is a host processor and an Internet service provider (ISP) similar?
- They both offer cash incentives for users.
- They both serve as the gateway to a data network.
- They both allow international telephonic communications.
What is the medium through which an ATM connects to the host processor?
- a cardholder
- a merchant-owned machine
- a modem
What is the approximate initial cost of a dial-up machine?
- less than half of the cost a leased-line machine
- more than half of the cost of a leased-line machine
- the same as the cost of a leased-line machine
How does the card reader receive information from the ATM card?
- from the magnetic strip on the back
- from the embossed numbers on the front
- from the cardholder's fingerprint
Which of these ATM components provides auditory feedback when you press the keys?
- the cash dispenser
- the speaker
- the display screen
An ATM's cash dispenser has an electronic eye and a sensor. The first counts the banknotes. What does the sensor do?
- It captures a picture of each banknote leaving the ATM.
- It checks the note count for accuracy.
- It identifies old notes or notes stuck together.
Why does the ATM record the number of reject bills?
- to determine if the machine is causing a problem
- because the bank gets points for minimal rejects
- because a record of this must be kept with the government mint
When you perform a transaction with your ATM card, how is the money moved?
- manually by the teller
- through an electronic transfer
- by means of a Brink's truck
Until the ATM receives an approval code, what can't it do?
- allow you to swipe your card again
- release the cash
- read the keypad keys that you've pressed
What do ATMs offer for the visually impaired?
- magnifying glasses
- seeing-eye dog services
- keypads with Braille
How do you know that your personal details are safe when you use an ATM?
- because it is a computerized system
- because the bank makes assurances to protect your privacy
- because the machine uses encryption software
What number is printed on an ATM transaction receipt?
- your Social Security number
- the last four digits of your account number
- your PIN number