BARTER AND MONEY
Authored by Shanice Griffiths
Business
4th Grade
Used 18+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a business wants to pay the wages of each of its employees electronically it will use a
standing order
direct deposit
electronic funds transfer
bank draft
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a bank customer wants to pay a regular fixed amount to a trader it would use a
standing order
direct debit
credit transfer
fixed payment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One bank service which allows customers to instruct their bank to meet requests for payment from a named creditor is
direct debit
credit payment
standing order
m-money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not directly related to EFT?
debit card
credit card
cheqe issued
standing order
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following involves using a PIN?
debit card
cheque
standing order
bill of exchange
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All are characteristics of money except
durable
divisible
medium of exchange
scarce
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a disadvantage of the barter system?
Double coincidence of want
Exchange rate
Disposal of surplus
Storage of wealth
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