BTEC Business Finance Comprehensive Exam Well Answered 2024.
Cash - Answer Money in the form of bills or coins Debit card - Answer A card used to withdraw money from a bank account Credit card - Answer A card authorizing the holder to buy goods and services that can be paid for later. Cheque - Answer A written instruction to your bank to pay a sum of money to another person from your current account Electronic transfer - Answer The transfer of funds from one account to another via the internet or telephone Direct debit - Answer An electronic payment out of an account. The amount and frequency of a direct debit payment can vary Standing order - Answer n. an instruction to a bank to make regular payments Contactless card - Answer Cards containing antennae allow money to be transferred when the card touches a contactless terminal Store card - Answer a credit card which can only be used to buy goods in one particular shop or chain of shops Mobile banking - Answer apps that allow online banking access from devices such as smart phones, tablets, etc.
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