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Worksheets

Methods of Payment

Total questions: 8

Worksheet time: 5mins

Name
Class
Date
1.

Cash payment involves ____.

a)

cards

b)

coins

c)

pins

d)

signatures

2.

I am widely accepted in all big and small retail shops.

a)

atm card

b)

cash

c)

cheque

d)

credit card

3.

Which of the following is a stored value card?

a)

ATM card

b)

Credit card

c)

Kopitiam card

d)

Popular bookstore card

4.

Which method of payment should I use when mailing money?

a)

Cheque

b)

Cash

c)

Credit Card

d)

Debit Card

5.

Apple pay is a form of ___.

a)

cash

b)

electronic transfer

c)

cheque

d)

installment

6.

When we buy a car on hire purchase, ____.

a)

the seller can take back the car if we fail to make a payment.

b)

the seller cannot take back the car, but can claim by charging higher interest rate.

7.
What is a disadvantage of using a credit card?
a)
It is easy to use.
b)
You can spend more than you have. 
c)
It can be used in emergencies.
d)
Banks sometimes give rewards on credit cards. 
8.

Responsible use of credit means I should _____.

a)

use my credit card to buy everything on discount.

b)

use it to pay my bills because it is convenient.

c)

have many different credit cards from different banks to make full use of their promotions.

d)

keep track of how much money is spent.