Methods of Payment

Methods of Payment

7th - 8th Grade

8 Qs

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Methods of Payment

Methods of Payment

Assessment

Quiz

Specialty, Other

7th - 8th Grade

Practice Problem

Medium

Created by

Veronica Chua

Used 44+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash payment involves ____.

cards

coins

pins

signatures

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

atm card

cash

cheque

credit card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a stored value card?

ATM card

Credit card

Kopitiam card

Popular bookstore card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of payment should I use when mailing money?

Cheque

Cash

Credit Card

Debit Card

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Apple pay is a form of ___.

cash

electronic transfer

cheque

installment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When we buy a car on hire purchase, ____.

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

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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a disadvantage of using a credit card?

It is easy to use.
You can spend more than you have. 
It can be used in emergencies.
Banks sometimes give rewards on credit cards. 

8.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Responsible use of credit means I should _____.

use my credit card to buy everything on discount.

use it to pay my bills because it is convenient.

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

keep track of how much money is spent.