01. PF Module 01 Quiz

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Question 1 of 10

1. Question
What is a payment about?
- A : A payment is about any transfer between two people.
- B : A payment is about transfer of monetary value only.
- C : A payment is about transfer of monetary or digital value.
- D : A payment is about transfer of digital value only.
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Question 2 of 10

2. Question
What types of payments instruments rely on the Distributed Ledger Technology?
- A : Crypto payment instruments
- B : Non-Cash payment instruments
- C : Cash payment instruments
- D : Online payment instruments
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Question 3 of 10

3. Question
What are the two main categories of payment instruments?
- A : Paper payment instruments and Electronic payment instruments
- B : Crypto payment instruments and Cash payment instruments
- C : Cash payment instruments and Non-Cash payment instruments
- D : Electronic payment instruments and Crypto payment instruments
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Question 4 of 10

4. Question
Cards, Cheques, Credit transfers, Direct debits are all examples of which types of payments instruments?
- A : Electronic payment instruments
- B : Non-cash payment instruments
- C : Cash payment instruments
- D : Online payment instruments
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Question 5 of 10

5. Question
Which of the following is not true about payment services providers?
- A : Payment Services Providers are third parties that facilitate and help merchants and consumers in the initiating, accepting and processing of payments
- B : Payment Services Providers need to connect to only one payment system
- C : Payment services providers settle transactions only for their customers, the end parties
- D : Payment Services Providers play a key role in the payment business.
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Question 6 of 10

6. Question
How are payment system volumes measured?
- A : Payment system volumes are measured by count and costs.
- B : Payment system volumes are measured by cost and amount.
- C : Payment system volumes are measured by count and amount.
- D : Payment system volumes are measured by time and amount.
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Question 7 of 10

7. Question
What are the types of end parties involved in payment transactions?
- A : Consumers
- B : Payment Services Providers
- C : Banks
- D : Businesses
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Question 8 of 10

8. Question
What describes the main characteristics of a payment system?
- A : It performs Risk management for the participants
- B : It operates within a single country (or region) and allows the transfer and settlement of transactions in the currency of that country.
- C : It is regulated by the Government
- D : It sets operational rules that apply to all participants.
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Question 9 of 10

9. Question
Depending on the end parties, what are the types of payment transactions?
- A : Consumer-to-Government, Goverment-to-Business, Business-to-Consumer, Business-to-Government
- B : Consumer-to-PSP, Consumer-to-Bank, PSP-to-Bank, Bank-to-Consumer
- B : Consumer-to-PSP, Consumer-to-Bank, PSP-to-Bank, Bank-to-Consumer
- D : Consumer-to-Consumer, Consumer-to-Business, Business-to-Consumer, Business-to-Business
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Question 10 of 10

10. Question
Transaction Banking Solutions are provided to which types of end parties?
- A : Persons
- B : Businesses
- C : Consumers
- D : Governmental organizations
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Payments Fundamentals

01. PF Module 01 Quiz

01. PF Module 01 Quiz

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