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Explain the usage of various payment instruments in goods and service transactions
Payment Instruments
3.6
Payment Instruments
INSTRUMENT
SITUATION FOR USE
Cash
Pay for items at shops with payment a counter.
Bills payment.
Debit Card
Pay for items at shops with a payment counter.
Pay at a petrol station.
Cashless transaction.
Money used is the money we had saved in our bank account.
Prepaid Card
Pay tolls.
Ride public transport such as buses and trains.
Money used it the money we topped up into the cards.
Credit Card
Pay for items at shops with a payment counter.
Cashless transaction.
Money used is the money we lend from banks.
Cheque
Donation.
High-valued transactions.
Payment Instruments
3.6
Payment Instruments
INSTRUMENT
SITUATION FOR USE
Cash
Pay for items at shops with payment a counter.
Bills payment.
Debit Card
Pay for items at shops with a payment counter.
Pay at a petrol station.
Cashless transaction.
Money used is the money we had saved in our bank account.
Prepaid Card
Pay tolls.
Ride public transport such as buses and trains.
Money used it the money we topped up into the cards.
Credit Card
Pay for items at shops with a payment counter.
Cashless transaction.
Money used is the money we lend from banks.
Cheque
Donation.
High-valued transactions.
Chapter : Money
Topic : Explain the usage of various payment instruments in goods and service transactions
Year 4
Mathematics
View all notes for Mathematics Year 4
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Basic Operation Involving Money
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Foreign Currency
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Number Value
Odd Numbers and Even Numbers
Estimate
Round Off Numbers
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