Instruments of exchange Quiz

An instrument of exchange can be described as anything that enables a transaction to take place.

• True

• False

Which of the following pictures best shows the functions of money?

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All of the following are instruments of exchange/payment except

• promissory note

• debit card

• bill of exchange

• m-money/mobile money

One major difference between the credit card and the debit card is that the credit card is where you use the bank's money and you have to repay it with interest while the debit card is where you use your own money in your savings account.

• True

• False

Which is the odd one out

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