MY STUDY GUIDE

PAYMENT MEHTODS
ASHLEY WELLS
 1. What is a cash?

Physical
Physical currency
currency
printed
printed on
on
banknotes Holds the
banknotes and
and
coins.
coins.
information

Creates a Sets off the

document name of the
document
 YOU
GOT IT
RIGHT !
!
 DO
BETTER
FAM
 2.What is a check ?

A document in which the

writer orders his/her bank
to pay to the receiver of Names a
the check a stated amount document
of money

Sets off the Holds the

things in a information in a
document document
 3.What is credit card ?

Any
Any card,
card, plate
plate
or
or coupon
coupon book
book Sets off the
that
that may be
may be title
used repeatedly
used repeatedly

Creates the
main thing Names a
In the document
document
 4. What is a debit card ?

a
a card
card issued
issued by
by a
a
bank allowing the
bank allowing the
holder
holder to
to transfer
transfer
money
money
 5. What is BACS ?

A. B.

C. D.