Money

Money

University

15 Qs

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Money

Money

Assessment

Quiz

English

University

Practice Problem

Medium

Created by

Irina Kolomiets

Used 10+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash in hand

payment for goods and services in cash rather than by cheque or other means, typically as a way of avoiding the payment of tax on the amount earned.

is a state when an organization does not have enough money to operate successfully or in the normal way”

a machine used in shops that has a drawer for money and totals, displays, and records the amount of each sale.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax Revenue

process of setting aside a portion of current income for future use, or the flow of resources accumulated in this way over a given period of time

is the act of paying back money borrowed from a lender

is defined as the funds collected from taxes on income and profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cashless economy

the total amount of money being transferred into and out of a business, especially as affecting liquidity.

Is a system where any type of money transactions are done through digital means like debit cards, electronic fund transfer, mobile payments, internet banking, mobile wallets.

the system of paying for goods when they are delivered

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash crunch

is a state when an organization does not have enough money to operate successfully or in the normal way

the total amount of money being transferred into and out of a business, especially as affecting liquidity.

taking money out of a bank account, usually a checking account, in the form of cash

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash flow

taking money out of a bank account, usually a checking account, in the form of cash

is a state when an organization does not have enough money to operate successfully or in the normal way

the total amount of money being transferred into and out of a business, especially as affecting liquidity.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash register

A machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card

a machine used in shops that has a drawer for money and totals, displays, and records the amount of each sale.

payment for goods and services in cash rather than by cheque or other means, typically as a way of avoiding the payment of tax on the amount earned.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

withdraw cash

taking money out of a bank account, usually a checking account, in the form of cash

is the act of paying back money borrowed from a lender

the total amount of money being transferred into and out of a business, especially as affecting liquidity.

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