Payment methods Flashcards

1
Q

Cash

A

Physical currency in coins or notes, used to make smaller, face to face purchases like coffee, milk, short bus ride.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Advantages of cash

A
  • Convinient for the payer
  • instant
  • no VAT
  • readily accepted
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Disadvantages of cash

A
  • Cannot be used for online purchases
  • risk of being stolen
  • some places may not take cash
  • not as convinient as cards
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly