New Novavax plant in Billingham

What is the basic definition of cash?

• An investment in stocks

• A type of bank account

• Physical money in the form of coins and notes

• A digital currency used online

Why is cash important in financial transactions?

• It earns interest over time

• It is safer than digital transactions

• It is universally accepted and provides immediate liquidity

• It is the only form of legal tender

How does cash contribute to the economy?

• By facilitating trade and commerce

• By reducing the need for banks

• By promoting online shopping

• By increasing digital transactions

Which of the following is a disadvantage of using cash?

• It is not accepted everywhere

• It can be easily lost or stolen

• It requires a bank account

• It is difficult to track spending

What is one advantage of using cash?

• It earns rewards points

• It provides anonymity in transactions

• It can be used for online purchases

• It is immune to inflation