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O-LevelCommerceBanking7100/11 · Oct/Nov 2020 · Q341 Mark

Many debit cards now display the sign for contactless payments. What additional service is provided to users of these debit cards?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Amaking small payments without entering a pin number
Bobtaining cash back when using the card and a pin number
Cpaying for goods and services purchased online
Dusing the card to obtain local currency in another country

✓ Correct answer

A: making small payments without entering a pin number

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 1, question 34.

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