The payee of a cheque is the person who is writing the cheque

• True

• False

The drawer is the person writing the cheque

• True

• False

The drawee is the bank upon whom the cheque is drawn (who issued the cheque book)

• True

• False

A cheque becomes invalid after 6 months - true or false?

• True

• False

A bankers draft is a cheque whereby funds are paid directly into the bank rather than into an individual’s account.

• True

• False

An electronic system which processes Direct Debits, direct credits and standing orders for UK banks, is called……………?

• CHAPS

• BACS

• Standing Order

• Building Society

Match the most appropriate type of payment for each scenario below:

Payment of a gas bill every month for an amount which varies

• Direct Debit

• Cash

• Cheque

• Standing Order

Match the most appropriate type of payment for each scenario below:

Buying kitchen supplies for the office (e.g.: tea, coffee)

• Direct Debit

• Standing Order

• Cheque

• Cash

Match the most appropriate type of payment for each scenario below:

Sending a payment for purchase supplies in the post to a supplier

• Direct Debit

• Standing Order

• Cheque

• Cash

Match the most appropriate type of payment for each scenario below:

Payment of water rates of a standard amount each month

• Direct Debit

• Standing Order

• Cheque

• Cash