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WorksheetsBARTER AND MONEY
Total questions: 10
Worksheet time: 5mins
If a business wants to pay the wages of each of its employees electronically it will use a
standing order
direct deposit
electronic funds transfer
bank draft
If a bank customer wants to pay a regular fixed amount to a trader it would use a
standing order
direct debit
credit transfer
fixed payment
One bank service which allows customers to instruct their bank to meet requests for payment from a named creditor is
direct debit
credit payment
standing order
m-money
Which of the following is not directly related to EFT?
debit card
credit card
cheqe issued
standing order
Which of the following involves using a PIN?
debit card
cheque
standing order
bill of exchange
All are characteristics of money except
durable
divisible
medium of exchange
scarce
Which of the following is not a disadvantage of the barter system?
Double coincidence of want
Exchange rate
Disposal of surplus
Storage of wealth
The barter system allowed early people to live in a
mixed economy
planned economy
subsistence economy
command economy
E-commerce refers to
buying and selling online
ability to transfer funds from one account to another
payment of bills
the exchange of goods and services without the use of money
Which of the following enables the exporter to obtain payment before the documents of ownership is released by the importer?
Bill of exchange
Documentary credit
Standing order
Bank drafts
