My Study Guide

Payment Methods
Caleb Jenkins
1B
 What is cash?

money in coins or
Money stored in a notes, as distinct
bank from checks, money
orders, or credit.

Regular paper that is

None of them
green
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 What is a check?

a written, dated and signed

instrument that contains an
unconditional order from the A paper with a bunch
drawer that directs a bank to of numbers
pay a definite sum of money to a
payee.

Another form of
All of the above
money
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 What is a credit card?

A small card Similar to a debit card

a small plastic card

issued by a bank,
A card that has a lot business, etc., allowing
of money the holder to purchase
goods or services on
credit.
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 What is a debit card?

Similar to a credit A card only used in

card certain places

a card issued by a bank

allowing the holder to A card that contains a
transfer money
electronically to another
certain amount of
bank account when making money
a purchase.
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 What does BACS stand for?

Blind Adaptive
Banks Automated
Channel Shortening
Clearing Services
Equalizer

Bachelor of Arts
None of the above
Community Studies
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