Methods of Payment

Cash payment involves ____.

• cards

• coins

• pins

• signatures

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

• atm card

• cash

• cheque

• credit card

Which of the following is a stored value card?

• ATM card

• Credit card

• Kopitiam card

• Popular bookstore card

Which method of payment should I use when mailing money?

• Cheque

• Cash

• Credit Card

• Debit Card

Apple pay is a form of ___.

• cash

• electronic transfer

• cheque

• installment

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.

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. 

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.