
Final Activity - BANKING
Authored by Salwa Alinor
Business
9th - 11th Grade
Used 3+ times

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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why has the use of debit cards as means of payment increased in many countries?
Immediate payment is made.
Interest is charged on transactions.
Payment may be postponed.
Retailers refuse to accept cheques.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To avoid paying interest, credit card holders should pay for their goods
at the time of purchase.
before a date given on the monthly statement.
two months after the purchase date.
when their goods arrive.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mrs Wang’s computer needs urgent repairs so that she can answer her emails. She has no money until she receives her salary next month.
What is the best way to pay for these repairs to her computer?
bank loan
credit card
debit card
hire purchase
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Many debit cards now display the sign for contactless payments.
What additional service is provided to users of these debit cards?
making small payments without entering a pin number
obtaining cash back when using the card and a pin number
paying for goods and services purchased online
using the card to obtain local currency in another country
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage to the buyer of buying a television on credit?
A credit check will be made by the seller.
Interest may be charged by the seller.
Payment is postponed until a later date.
There is no need to carry a large amount of cash when buying.
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