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5 cards from this section. Quick, good the night before a test.
What is a cheque?
Think about how cheques replace cash in transactions.
What does a debit card do?
Consider how a debit card is different from a credit card.
What is the primary purpose of a cheque?
It's a means of making a payment without cash.
True or False: A bank draft is not guaranteed by the bank.
Think about how the bank backs the payment in this instance.
You applied for a loan and were offered both a bank draft and a personal cheque for payment. Which would you choose and why?
Consider security versus risk in your decision.
Discuss how electronic transfers could impact cash-based economies. What might be the advantages and disadvantages?
Think about both technological benefits and social implications.
6 more questions in this section. Enroll free to practise them all.
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