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O-LevelCommerceBanking7100/11 · May/June 2011 · Q341 Mark

Why has the use of debit cards as means of payment increased in many countries?

AImmediate payment is made.
BInterest is charged on transactions.
CPayment may be postponed.
DRetailers refuse to accept cheques.

✓ Correct answer

A: Immediate payment is made.

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2011 Paper 1 Variant 1, question 34.

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