CLEAN : Images showing Dubai Financial Market after Saudi oil plant attacks

What is the primary purpose of a payment system?

• To complicate financial processes

• To increase the cost of transactions

• To facilitate the exchange of goods and services

• To reduce the speed of transactions

Which of the following is a characteristic of digital payment methods?

• They are only available in urban areas

• They offer enhanced security features

• They are slower than traditional methods

• They require physical cash

What is a common feature of credit card payments?

• Immediate deduction from bank account

• Deferred payment with interest

• No transaction fees

• Limited to small purchases

Which payment method is known for its convenience and speed?

• Cash

• Cheque

• Mobile payments

• Barter system

What is a potential future trend in payment systems?

• Integration of blockchain technology

• Return to cash-only transactions

• Decline in digital transactions

• Increased use of barter