EMS revision

What does EMS stand for?

• Emergency Services

• Economics Must Stand

• Economics and Management Scienes

• Economics and Mathematics Sciences

The process where people trade goods or services for other goods or services without using money is known as

Electronic banking is the use of electronic means to ___ funds directly from one bank account to another.

These are the individuals that start a new business...

• Land

• Capital

• Labour

• Entrepreneurs

The Four factors of production are

• Capital, Equality, Land and Labour

• Capital, Entrepreneurship, Land and Labour

• Consumer, Entrepreneurship, Land and Labour

• Capital, Equality, Labour and Marketing

A type of bank card that allows the holder to use money they have already deposited in their bank account.

• credit card

• bank card

• debit card

To function as money, an item must be portable, divisible, durable and scarce. Which of the following items meets all these requirements?

• sea shells

• strips of leather

• silver

• small smooth pebbles

A cheque account is also known as a _____ account.

• savings

• debit

• credit

• current

Identify the information that DOES NOT appear on a bank card

• Name of card holder

• Bank's name

• Card holder's ID number

• Card number

• Card holder's date of birth

A ____ is the accounting term for a business deal.

• sale

• purchase

• payment

• transaction