36. Which government agency protects bank deposits in the European Union up to €100,000 per depositor per bank?
a) European Central Bank (ECB)
b) European Banking Authority (EBA)
c) European Securities and Markets Authority (ESMA)
d) European Deposit Insurance Scheme (EDIS)
37. Which of the following is not a characteristic of a savings account?
a) Higher interest rates than fixed deposits
b) Limited withdrawals per month
c) Lower minimum balance requirements
d) Easy access to funds
38. What is the term used for the process of transferring funds from one bank account to another?
a) Deposit slip
b) Cash withdrawal
c) Electronic funds transfer
d) Cheque clearing
39. Which type of bank deposit account is specifically designed for educational expenses?
a) IRA (Individual Retirement Account)
b) HSA (Health Savings Account)
c) ESA (Education Savings Account)
d) 401(k) account
40. Which of the following is an example of a third-party payment service for making bank deposits?
a) PayPal
b) Western Union
c) Venmo
d) All of the above
