Cash or Card

Cash or Card

Which is King? 

Multiple Select

The NZD (New Zealand Dollar) is worth less than the Australian dollar, this means...

• It costs more for Australians to spend their money in New Zealand

• When New Zealanders exchange NZD for Australian dollars, they receive less Australian dollars

EFTPOS

• Used to pay for goods and services

• With an EFTPOS machine it is used to transfer funds from a customers bank account to a business

• Stands for: Electronic Funds Transfer at Point Of Sale

• Takes money from deposited funds at bank

Multiple Select

Check all options that are true

• Eftpos is used to transfer funds from a customers bank account to a business

• EFTPOS stands for: Even Financial Tertiary Purchase Over Standard

• Used with an EFTPOS machine

Debt Card

• Much like Eftpos, credit cards use current account funds (Money in the customers bank account at the time) to pay for goods and services

• Takes money from money deposited in bank

• Plastic

Credit Cards

• A credit card offers you a 'line of credit' so that you can make a purchase. 

• You must pay back this money in the future. 

Credit Cards

• Visa, Mastercard

• It is not taken directly out of your account, but rather placed on your 'line of credit' and you must pay it back at the end of the month

Multiple Choice

Which card uses a 'line of credit'

• Credit

• EFTPOS

• Debt

Multiple Select

Which cards take money directly out of your bank account when you use them?

• EFTPOS

• Debt

• Credit

• New Zealand rugby trading cards

What can happen when you do not pay off your credit card? 

• Late fees

• Make sure you pay off your credit card on time!