1. What is Venmo primarily used for?
a) Ordering food
b) Sending and receiving money
c) Booking flights
d) Social media updates
Answer: b) Sending and receiving money
2. Which company owns Venmo?
a) Google
b) Facebook
c) PayPal
d) Apple
Answer: c) PayPal
3. What is the default privacy setting for Venmo transactions?
a) Private
b) Public
c) Friends Only
d) Custom
Answer: b) Public
4. What is the maximum number of characters allowed in a Venmo payment note?
a) 50
b) 100
c) 150
d) 200
Answer: a) 50
5. Which of the following can be linked to your Venmo account for payments?
a) Email only
b) Credit cards only
c) Bank account only
d) Email, credit cards, and bank accounts
Answer: d) Email, credit cards, and bank accounts
6. What is the fee structure for sending money using a credit card on Venmo?
a) No fee
b) 1% of the transaction amount
c) 3% of the transaction amount
d) 5% of the transaction amount
Answer: c) 3% of the transaction amount
7. Which of the following statements about Venmo is true?
a) Venmo is available only in the United States
b) Venmo is owned by a different company than PayPal
c) Venmo transactions are always private
d) Venmo is used only for online shopping
Answer: a) Venmo is available only in the United States
8. What is the purpose of the “Venmo balance” feature?
a) Earn interest on your money
b) Keep track of your spending
c) Store money within the Venmo app
d) Transfer money to friends for free
Answer: c) Store money within the Venmo app
9. How long does it typically take for Venmo transactions to process?
a) Instantly
b) 1-2 business days
c) 3-5 business days
d) 7-10 business days
Answer: a) Instantly
10. Which security feature is available for Venmo transactions?
a) Two-factor authentication
b) Fingerprint recognition
c) Face ID
d) All of the above
Answer: d) All of the above
11. What is the purpose of the Venmo “Friends” feed?
a) To view friends’ favorite restaurants
b) To see friends’ recent payment activity
c) To share photos with friends
d) To play games with friends
Answer: b) To see friends’ recent payment activity
12. Which emoji is commonly associated with splitting a bill on Venmo?
a) 🍕
b) 🍔
c) 🍣
d) 🍻
Answer: a) 🍕
13. What is the maximum amount you can send or receive on Venmo without verifying your identity?
a) $500 per week
b) $1,000 per week
c) $2,000 per week
d) $5,000 per week
Answer: b) $1,000 per week
14. Which feature allows Venmo users to request money from someone who hasn’t paid yet?
a) Payment Reminder
b) Payment Request
c) Money Nudge
d) Pay Urgency
Answer: b) Payment Request
15. What is the purpose of the “What’s happening?” field when making a Venmo payment?
a) Share a funny joke with the recipient
b) Add a note or description to the transaction
c) Update your status on Venmo
d) Attach a video message to the payment
Answer: b) Add a note or description to the transaction
16. Which of the following is NOT a reason why a Venmo payment might be declined?
a) Insufficient funds
b) Incorrect recipient username
c) Slow internet connection
d) Payment flagged for suspicious activity
Answer: c) Slow internet connection
17. What is the Venmo card used for?
a) Making online purchases
b) Withdrawing cash from ATMs
c) Ordering food delivery
d) Sending virtual gifts to friends
Answer: b) Withdrawing cash from ATMs
18. How can users increase their Venmo weekly transaction limit?
a) By upgrading to a premium account
b) By linking additional bank accounts
c) By completing a verification process
d) By inviting more friends to join Venmo
Answer: c) By completing a verification process
19. Which of the following is a security best practice for using Venmo?
a) Sharing your password with close friends
b) Keeping your transaction history public
c) Using a secure and unique password
d) Ignoring app updates
Answer: c) Using a secure and unique password
20. What is the purpose of the Venmo QR code feature?
a) Scan QR codes to unlock special discounts
b) Connect with friends on social media
c) Quickly send money to or request money from others
d) Play augmented reality games
Answer: c) Quickly send money to or request money from others
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