BTEC Business- Unit 3 Finance
revision exam / Verified
Questions with Correct Answers.
Quiz____?
Cash -
Answer✓✓
Money in the form of bills or coins
Quiz____?
Debit card -
Answer✓✓
A card used to withdraw money from a bank account
Quiz____?
Credit card -
Answer✓✓
A card authorizing the holder to buy goods and services that can be paid
for later.
Quiz____?
Cheque -
Answer✓✓
A written instruction to your bank to pay a sum of money to another
person from your current account
Page 1 of 18
, Quiz____?
Electronic transfer -
Answer✓✓
The transfer of funds from one account to another via the internet or
telephone
Quiz____?
Direct debit -
Answer✓✓
An electronic payment out of an account. The amount and frequency of a
direct debit payment can vary
Quiz____?
Standing order -
Answer✓✓
n. an instruction to a bank to make regular payments
Quiz____?
Contactless card -
Answer✓✓
Cards containing antennae allow money to be transferred when the card
touches a contactless terminal
Quiz____?
Page 2 of 18
, Store card -
Answer✓✓
a credit card which can only be used to buy goods in one particular shop
or chain of shops
Quiz____?
Mobile banking -
Answer✓✓
apps that allow online banking access from devices such as smart phones,
tablets, etc.
Quiz____?
BACS -
Answer✓✓
Bankers Automated Clearing Services
Quiz____?
CHAPS -
Answer✓✓
Clearing House Automated Payments System
Quiz____?
Standard current account -
Answer✓✓
Account with full banking facilities
Page 3 of 18
revision exam / Verified
Questions with Correct Answers.
Quiz____?
Cash -
Answer✓✓
Money in the form of bills or coins
Quiz____?
Debit card -
Answer✓✓
A card used to withdraw money from a bank account
Quiz____?
Credit card -
Answer✓✓
A card authorizing the holder to buy goods and services that can be paid
for later.
Quiz____?
Cheque -
Answer✓✓
A written instruction to your bank to pay a sum of money to another
person from your current account
Page 1 of 18
, Quiz____?
Electronic transfer -
Answer✓✓
The transfer of funds from one account to another via the internet or
telephone
Quiz____?
Direct debit -
Answer✓✓
An electronic payment out of an account. The amount and frequency of a
direct debit payment can vary
Quiz____?
Standing order -
Answer✓✓
n. an instruction to a bank to make regular payments
Quiz____?
Contactless card -
Answer✓✓
Cards containing antennae allow money to be transferred when the card
touches a contactless terminal
Quiz____?
Page 2 of 18
, Store card -
Answer✓✓
a credit card which can only be used to buy goods in one particular shop
or chain of shops
Quiz____?
Mobile banking -
Answer✓✓
apps that allow online banking access from devices such as smart phones,
tablets, etc.
Quiz____?
BACS -
Answer✓✓
Bankers Automated Clearing Services
Quiz____?
CHAPS -
Answer✓✓
Clearing House Automated Payments System
Quiz____?
Standard current account -
Answer✓✓
Account with full banking facilities
Page 3 of 18
