PAYMENT INSTRUMENTS YEAR 4

Read the situation and choose the appropriate payment instrument.

Emak Siti bought kitchen necessities at Pasaraya Maju totaling RM25.

• Cash

• Prepaid card

• Credit Card

• CHEQUE

Read the situation and choose the appropriate payment instrument.

Mr. Anwar bought some clothes at the shopping center and paid by card. He has received a bill from the bank that issued the card, before the expiry of the payment date, the bill must be cleared to avoid additional charges.

• Debit Card

• Prepaid Card

• CHEQUE

• Credit Card

Mr. Azmi has bought a bicycle that costs RM2 500 for his son. Specify the appropriate payment instrument.

• Cash

• Prepaid Card

• CHEQUE

• Credit Card

Read the situation and choose the appropriate payment instrument.

Jasnita has a savings account of RM3 000. She makes a payment for a mobile phone that costs RM1 200. The charge will be deducted immediately from her bank account.

• Cash

• CHEQUE

• Prepaid Card

• Debit Card

What are the disadvantages of using a credit card?

• Allows the cardholder to spend in advance

• Can spend more

• Simple and efficient

• Out of control spending

State the advantages of this prepaid card?

• Limited use

• Make things easier

• No need to add value

• Can be used to buy items