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Worksheets23.9.2021
Total questions: 15
Worksheet time: 15mins
What is the instrument of payment?
Cash
Debit card
Credit card
e-wallet
What is a 'cashless society'?
a society that using coins and notes
a society that paying for things using gold and silver
a society that paying for goods and services without using cash
What is e-payment?
making a transaction through an electronic medium
Payment of online software
Payment of online services
A fast and easy way to pay using your smartphone is _____________.
payment app
credit card
cash
________ is a direct payment using notes and coins.
e-wallet
cash
debit card
A card issued by a bank that allows a person to borrow money.
e-wallet
credit card
gift card
What is the instrument of payment ?
prepaid card
credit card
QR code scan
When someone buys or sells something or when money is moved from one bank account to another
transformer
transfer
transaction
Which of the following is NOT an advantage of using e-payment?
convenient
easy
fast
difficult for some people
Which is DISADVANTAGE a cashless society?
easy to budget
safer
convenient
privacy issues
Which of these payment instruments DOES NOT involve cards?
e-wallet
credit card
debit card
prepaid card
Purchases can be made using your smartwatch, tablet, or smartphone using this instrument
Online banking
Digital payment
Cash
Debit card
What is the difference between Debit and Credit?
Debit uses money borrowed from the bank, Credit uses the money you already have in the bank.
Credit uses money borrowed from the bank, Debit uses the money you already have in the bank.
Choose ONE disadvantage of using a credit card?
Able to pay for expensive items
Easy payment
Risk of overspending
In the future, our society would go ...... when making payment.
cashless
ATM
online
e-payment
