WorksheetsMethods of Payment Quiz
Total questions: 10
Worksheet time: 5mins
Which method of payment is most suitable for buying an ice-cream?
Store card
Cash
Debit card
Credit card
What is the justification for using a store card at your favourite clothes store?
It ensures payment is not missed.
It is a secure way to make a payment virtually.
It allows you to spread the cost and receive additional perks.
It is easy to post and safe.
Which method of payment is recommended for paying rent?
Cheque
Standing order
Direct debit
BACS
Why is a debit card suitable for paying for goods bought online?
It is easy to post and safe.
It allows the cost to be paid in monthly instalments.
It avoids transaction fees or interest charges.
It ensures payment is not missed.
What is a suitable method of payment for posting a child £30 as a birthday present?
Credit card
Cheque
Direct debit
BACS
Which method of payment is suitable for paying for a holiday abroad?
Store card
Debit card
Credit card
Cash
What is the justification for using direct debit for a quarterly electric bill?
It is a secure way to make a payment virtually.
It ensures payment is not missed and is suitable as the electric bill will vary each quarter.
It allows you to spread the cost and receive additional perks.
It is easy to post and safe.
Which method of payment is suitable for a college paying a supplier's invoice?
Cash
Store card
Cheque
BACS
State two advantages of mobile banking.
Available 24/7 and Convenient as can be accessed from anywhere
Available 24/7 and Secure way to make a payment virtually
Convenient as can be accessed from anywhere and Easy to post and safe
Secure way to make a payment virtually and Easy to post and safe
State two disadvantages of prepaid cards.
If lost or stolen can be used by a third party and Can be troublesome to top up and run out if you forget
If lost or stolen can be used by a third party and Available 24/7
Can be troublesome to top up and run out if you forget and Convenient as can be accessed from anywhere
Available 24/7 and Convenient as can be accessed from anywhere
