Banks

Question 1

Name the top four banks in South Africa.

Answer 1

Absa Bank
Standard Bank
First National Bank
Nedbank

Question 2

What is the role of banks?

Answer 2

The role of banks is to help keep money flowing. The flow is between people and businesses who need money.

Question 3

Name the 6 services offered by banks.

Answer 3

ATMs, internet banking, financial advice, small business support and advice, foreign exchange and credit and debit card facilities.
ATM
Internet
Financial
Small business
Foreign
Credit card

Question 4

Fill in the missing word:
ATMs: The bank has special machines at the ____, or in near shops where you can ____ cash, make cash deposits, transfer money or pay ____.

Answer 4

Branch, withdraw and accounts.

Question 5

Fill in the missing word:
Internet banking: You can check your bank balance, transfer money or pay accounts using the ____. This allows you to bank from ____.

Answer 5

Internet and home.

Question 6

Fill in the missing word:

Financial advice: Banks will advise you on how to best ____ your money.

Answer 6

Invest.

Question 7

Fill in the missing word:

Foreign exchange: Customers can buy foreign banks notes and ____ money to other ____.

Answer 7

Transfer and countries.

Question 8

Fill in the missing word:

Credit and debit card facilities: Customers can apply for ____ cards, which allow you to buy now and pay ____.

Answer 8

Credit and later.